Natural Grocers by Vitamin Cottage (NYSE:NGVC) Full Year 2023 Results

Key Financial Results

• Revenue: US$1.14b (up 4.7% from FY 2022).
• Net income: US$23.2m (up 8.8% from FY 2022).
• Profit margin: 2.0% (in line with FY 2022).
• EPS: US$1.02 (up from US$0.94 in FY 2022).

NGVC Sales Performance

• Like-for-like sales growth: 3.6% vs FY 2022.

All figures shown in the chart above are for the trailing 12 month (TTM) period

In the last 12 months, the only revenue segment was Natural and Organic Retail Stores contributing US$1.14b. Notably, cost of sales worth US$813.6m amounted to 71% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$294.0m (97% of total expenses). Explore how NGVC's revenue and expenses shape its earnings.

Natural Grocers by Vitamin Cottage shares are up 25% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Natural Grocers by Vitamin Cottage.

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