---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-021924"
form_type: "8-K"
ticker: "NGVC"
cik: "0001547459"
company_name: "Natural Grocers by Vitamin Cottage, Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T08:08:59.536247+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Natural Grocers Q3 EPS $0.31, up 82%; raises FY2023 outlook

## Summary
- Net sales rose 5.8% to $281.8M; daily average comparable store sales up 4.4%.
- Diluted EPS $0.31, up 82.4% from $0.17; net income $7.1M, up 79.8%.
- Adjusted EBITDA $16.7M; operating income $9.1M, up 60.8%.
- Company raised fiscal 2023 outlook for comparable store sales and diluted EPS.
- Former CFO Sandra Buffa elected to board as Class II director, also joins Audit Committee.

## SEC filing metadata
- accession: 0001437749-23-021924
- form_type: 8-K
- ticker: NGVC
- cik: 0001547459
- company_name: Natural Grocers by Vitamin Cottage, Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1547459/000143774923021924/0001437749-23-021924-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1547459/000143774923021924/ngvc20230802_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-021924
- JSON: https://secwatch.observer/filing/0001437749-23-021924.json
- Plain text: https://secwatch.observer/filing/0001437749-23-021924.txt

## Key facts
- Earnings Releases
  Natural Grocers by Vitamin Cottage, Inc. updated its three and nine months ended June 30, 2023 guidance (raised).
  - Period: three and nine months ended June 30, 2023
  - Guidance: raised
  - Result: reported results
  source text: On August 3, 2023, Natural Grocers by Vitamin Cottage, Inc. (the “Company”) issued a press release announcing its financial results for the three and nine months ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1547459/000143774923021924/0001437749-23-021924-index.htm
- Executive change
  Sandra Buffa was elected as Class II Director at Natural Grocers by Vitamin Cottage, Inc..
  - Action: elected
  - Role: Class II Director
  source text: On August 2, 2023, the Company’s Board of Directors (the “Board”) unanimously approved the creation of a new Class II board seat and the election of Sandra Buffa as a Class II director
  evidence_url: https://www.sec.gov/Archives/edgar/data/1547459/000143774923021924/0001437749-23-021924-index.htm

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