---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-025430"
form_type: "8-K"
ticker: "NGVC"
cik: "0001547459"
company_name: "Natural Grocers by Vitamin Cottage, Inc."
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T17:32:11.313207+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Natural Grocers Q3 net sales $328.7M (+6.3%), comp +7.4%, raises FY2025 outlook; UNFI cyber incident had minor impact.

## Summary
- Net sales $328.7M (+6.3% YoY); diluted EPS $0.50 vs. $0.40 prior year (+25%).
- Daily average comparable store sales +7.4% YoY; two-year stack +14.6%.
- Adjusted EBITDA $24.4M (+10.1%); operating margin improved 50 bps.
- Raises fiscal 2025 outlook for daily average comparable store sales growth and diluted EPS.
- UNFI cybersecurity incident reduced Q3 comps by ~1.0-1.5 ppts and EPS by ~$0.04-0.05; operations now normalized.

## SEC filing metadata
- accession: 0001437749-25-025430
- form_type: 8-K
- ticker: NGVC
- cik: 0001547459
- company_name: Natural Grocers by Vitamin Cottage, Inc.
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1547459/000143774925025430/0001437749-25-025430-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1547459/000143774925025430/ngvc20250805_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-025430
- JSON: https://secwatch.observer/filing/0001437749-25-025430.json
- Plain text: https://secwatch.observer/filing/0001437749-25-025430.txt

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