---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-027644"
form_type: "8-K"
ticker: "NGVC"
cik: "0001547459"
company_name: "Natural Grocers by Vitamin Cottage, Inc."
filed_at: "2022-11-17T23:59:59+00:00"
generated_at: "2026-06-21T16:39:44.998976+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "medium"
source: SEC EDGAR
---

# Natural Grocers Q4 EPS $0.09; FY22 EPS $0.94, sales $1.1B, 19th year positive comps

## Summary
- Q4 net sales $274.2M (+0.6% YoY); daily average comp store sales -0.2%.
- Q4 net income $2.2M ($0.09 diluted EPS). Adjusted EBITDA $13.6M.
- Full-year net sales $1.1B (+3.2%); daily average comp store sales +2.6%.
- Full-year net income $21.4M ($0.94 diluted EPS). Adjusted EBITDA $62.2M.
- Product cost inflation estimated ~7% in Q4 and ~5% for FY22; FY23 outlook provided but not detailed in release.

## SEC filing metadata
- accession: 0001437749-22-027644
- form_type: 8-K
- ticker: NGVC
- cik: 0001547459
- company_name: Natural Grocers by Vitamin Cottage, Inc.
- filed_at: 2022-11-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: medium
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1547459/000143774922027644/0001437749-22-027644-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1547459/000143774922027644/ngvc20221115_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-027644
- JSON: https://secwatch.observer/filing/0001437749-22-027644.json
- Plain text: https://secwatch.observer/filing/0001437749-22-027644.txt

## Key facts
- Earnings Releases
  Natural Grocers by Vitamin Cottage, Inc. reported fiscal year ended September 30, 2022 results: revenue $1.1 billion, net income $21.4 million, EPS $0.94.
  - Period: fiscal year ended September 30, 2022
  - Revenue: $1.1 billion
  - Net income: $21.4 million
  - EPS: $0.94
  - Result: reported results
  source text: Net sales increased 3.2% to $1.1 billion; ● 19 th consecutive year of positive comparable store sales growth; ● Daily average comparable store sales increased 2.6%, and 15.7% on a three-year basis; ● Net income was $21.4 million, with diluted earnings per share of $0.94; and ● Adjusted EBITDA was $62.2 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1547459/000143774922027644/0001437749-22-027644-index.htm
- Earnings Releases
  Natural Grocers by Vitamin Cottage, Inc. reported fourth quarter ended September 30, 2022 results: revenue $274.2 million, net income $2.2 million, EPS $0.09.
  - Period: fourth quarter ended September 30, 2022
  - Revenue: $274.2 million
  - Net income: $2.2 million
  - EPS: $0.09
  - Result: reported results
  source text: Net sales increased 0.6% to $274.2 million; ● Daily average comparable store sales decreased 0.2%, and increased 15.8% on a three-year basis; ● Net income was $2.2 million, with diluted earnings per share of $0.09; and ● Adjusted EBITDA was $13.6 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1547459/000143774922027644/0001437749-22-027644-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.