---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-015674"
form_type: "8-K"
ticker: "NGVC"
cik: "0001547459"
company_name: "Natural Grocers by Vitamin Cottage, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:50:42.925580+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Natural Grocers Q2 sales $308.1M (+8.8% YoY); EPS $0.35, raises FY2024 outlook

## Summary
- Net sales $308.1M (+8.8% YoY); daily avg comparable store sales +7.5%.
- Diluted EPS $0.35, up 34.6% YoY; net income $8.0M.
- Adjusted EBITDA $19.7M; gross margin expanded; opened one new store.
- Raised FY2024 comp store sales growth guidance to 3.5%-4.5% (from 2%-3.5%).
- Raised FY2024 diluted EPS guidance to $1.15-$1.22 (from $1.04-$1.12).

## SEC filing metadata
- accession: 0001437749-24-015674
- form_type: 8-K
- ticker: NGVC
- cik: 0001547459
- company_name: Natural Grocers by Vitamin Cottage, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1547459/000143774924015674/0001437749-24-015674-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1547459/000143774924015674/ngvc20240507_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-015674
- JSON: https://secwatch.observer/filing/0001437749-24-015674.json
- Plain text: https://secwatch.observer/filing/0001437749-24-015674.txt

## Key facts
- Earnings Releases
  Natural Grocers by Vitamin Cottage, Inc. updated its fiscal 2024 guidance (raised).
  - Period: fiscal 2024
  - Guidance: raised
  - Result: guidance update
  source text: Based upon the strength of our results through the second quarter, we are raising our fiscal 2024 outlook for daily average comparable store sales growth and diluted earnings per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1547459/000143774924015674/0001437749-24-015674-index.htm
- Earnings Releases
  Natural Grocers by Vitamin Cottage, Inc. reported three and six months ended March 31, 2024 results: revenue Net sales increased 8.8% to $308.1 million, net income Net income was $8.0 million, EPS diluted earnings per share of $0.35. Guidance raised.
  - Period: three and six months ended March 31, 2024
  - Revenue: Net sales increased 8.8% to $308.1 million
  - Net income: Net income was $8.0 million
  - EPS: diluted earnings per share of $0.35
  - Guidance: raised
  - Result: reported results
  source text: Natural Grocers by Vitamin Cottage Announces Second Quarter Fiscal 2024 Results Raises Fiscal 2024 Outlook Lakewood, Colorado, May 9, 2024. Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) today announced results for its second quarter of fiscal 2024 ended March 31, 2024. Highlights for Second Quarter Fiscal 2024 Compared to Second Quarter Fiscal 2023 ● Net sales increased 8.8% to $308.1 million; ● Daily average comparable store sales increased 7.5%, and increased 10.2% on a two-year basis; ● Net income was $8.0 million, with diluted earnings per share of $0.35; ● Adjusted EBITDA was $19.7 million; and ● Opened one new store.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1547459/000143774924015674/0001437749-24-015674-index.htm

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