---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-003517"
form_type: "8-K"
ticker: "NGVC"
cik: "0001547459"
company_name: "Natural Grocers by Vitamin Cottage, Inc."
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T05:37:47.480610+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Natural Grocers Q1 EPS $0.34 (+78.9% YoY); raises FY comps & EPS outlook

## Summary
- Net sales $301.8M (+7.6% YoY); daily comps +6.2% driven by 3.4% transaction increase.
- Diluted EPS $0.34 vs $0.19 last year (+78.9%); net income $7.8M.
- Adjusted EBITDA $18.8M.
- Raised FY2024 outlook: comp store sales growth and diluted EPS guidance.
- Opened 2 new stores, relocated 1 store during Q1.

## SEC filing metadata
- accession: 0001437749-24-003517
- form_type: 8-K
- ticker: NGVC
- cik: 0001547459
- company_name: Natural Grocers by Vitamin Cottage, Inc.
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1547459/000143774924003517/0001437749-24-003517-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1547459/000143774924003517/ngvc20240206_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-003517
- JSON: https://secwatch.observer/filing/0001437749-24-003517.json
- Plain text: https://secwatch.observer/filing/0001437749-24-003517.txt

## Key facts
- Earnings Releases
  Natural Grocers by Vitamin Cottage, Inc. reported first quarter of fiscal 2024 ended December 31, 2023 results: revenue $301.8 million, net income $7.8 million, EPS $0.34. Guidance raised.
  - Period: first quarter of fiscal 2024 ended December 31, 2023
  - Revenue: $301.8 million
  - Net income: $7.8 million
  - EPS: $0.34
  - Guidance: raised
  - Result: reported results
  source text: for its first quarter of fiscal 2024 ended December 31, 2023. Highlights for First Quarter Fiscal 2024 Compared to First Quarter Fiscal 2023 ● Net sales increased 7.6% to $301.8 million; ● Daily average comparable store sales increased 6.2%; ● Net income was $7.8 million, with diluted earnings per share of $0.34; ● Adjusted EBITDA was $18.8 million; and ● Opened
  evidence_url: https://www.sec.gov/Archives/edgar/data/1547459/000143774924003517/0001437749-24-003517-index.htm

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