Natural Grocers By Vitamin Cottage Inc
NYSE:NGVC
Income Statement
Earnings Waterfall
Natural Grocers By Vitamin Cottage Inc
Revenue
|
1.2B
USD
|
Cost of Revenue
|
-824.8m
USD
|
Gross Profit
|
337m
USD
|
Operating Expenses
|
-298.9m
USD
|
Operating Income
|
38.1m
USD
|
Other Expenses
|
-11.5m
USD
|
Net Income
|
26.6m
USD
|
Income Statement
Natural Grocers By Vitamin Cottage Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
456
N/A
|
479
+5%
|
500
+4%
|
521
+4%
|
546
+5%
|
573
+5%
|
598
+4%
|
625
+4%
|
647
+4%
|
666
+3%
|
687
+3%
|
706
+3%
|
721
+2%
|
736
+2%
|
752
+2%
|
769
+2%
|
788
+2%
|
812
+3%
|
830
+2%
|
849
+2%
|
868
+2%
|
883
+2%
|
894
+1%
|
904
+1%
|
912
+1%
|
959
+5%
|
1 000
+4%
|
1 037
+4%
|
1 072
+3%
|
1 054
-2%
|
1 047
-1%
|
1 056
+1%
|
1 068
+1%
|
1 080
+1%
|
1 088
+1%
|
1 090
+0%
|
1 093
+0%
|
1 104
+1%
|
1 120
+1%
|
1 141
+2%
|
1 162
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(322)
|
(339)
|
(354)
|
(369)
|
(388)
|
(407)
|
(424)
|
(443)
|
(459)
|
(473)
|
(489)
|
(504)
|
(516)
|
(528)
|
(541)
|
(557)
|
(575)
|
(594)
|
(609)
|
(624)
|
(637)
|
(647)
|
(657)
|
(665)
|
(672)
|
(703)
|
(730)
|
(754)
|
(776)
|
(764)
|
(758)
|
(763)
|
(770)
|
(778)
|
(783)
|
(785)
|
(788)
|
(794)
|
(801)
|
(814)
|
(825)
|
|
Gross Profit |
133
N/A
|
140
+5%
|
146
+4%
|
152
+4%
|
159
+5%
|
167
+5%
|
174
+5%
|
182
+5%
|
188
+3%
|
193
+2%
|
198
+2%
|
202
+2%
|
206
+2%
|
208
+1%
|
210
+1%
|
212
+1%
|
213
+1%
|
218
+2%
|
222
+2%
|
226
+2%
|
232
+3%
|
235
+2%
|
237
+1%
|
239
+1%
|
240
+1%
|
256
+6%
|
270
+5%
|
283
+5%
|
296
+4%
|
290
-2%
|
289
0%
|
292
+1%
|
298
+2%
|
303
+2%
|
305
+1%
|
305
N/A
|
305
N/A
|
311
+2%
|
318
+3%
|
327
+3%
|
337
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(113)
|
(118)
|
(123)
|
(127)
|
(133)
|
(139)
|
(145)
|
(153)
|
(159)
|
(167)
|
(175)
|
(181)
|
(188)
|
(191)
|
(196)
|
(198)
|
(201)
|
(205)
|
(207)
|
(211)
|
(215)
|
(218)
|
(220)
|
(222)
|
(225)
|
(233)
|
(244)
|
(255)
|
(265)
|
(266)
|
(264)
|
(262)
|
(261)
|
(264)
|
(267)
|
(272)
|
(277)
|
(282)
|
(287)
|
(293)
|
(299)
|
|
Selling, General & Administrative |
(99)
|
(103)
|
(107)
|
(111)
|
(116)
|
(121)
|
(126)
|
(133)
|
(138)
|
(144)
|
(151)
|
(157)
|
(162)
|
(165)
|
(168)
|
(170)
|
(172)
|
(176)
|
(178)
|
(182)
|
(186)
|
(190)
|
(191)
|
(194)
|
(196)
|
(203)
|
(213)
|
(222)
|
(232)
|
(232)
|
(232)
|
(230)
|
(231)
|
(234)
|
(238)
|
(241)
|
(247)
|
(252)
|
(256)
|
(262)
|
(265)
|
|
Depreciation & Amortization |
(14)
|
(15)
|
(16)
|
(16)
|
(18)
|
(19)
|
(20)
|
(21)
|
(22)
|
(23)
|
(24)
|
(25)
|
(26)
|
(27)
|
(28)
|
(28)
|
(29)
|
(29)
|
(29)
|
(29)
|
(29)
|
(29)
|
(28)
|
(28)
|
(29)
|
(30)
|
(31)
|
(34)
|
(34)
|
(33)
|
(33)
|
(32)
|
(32)
|
(31)
|
(31)
|
(31)
|
(31)
|
(31)
|
(31)
|
(32)
|
(34)
|
|
Operating Income |
21
N/A
|
22
+8%
|
23
+4%
|
24
+4%
|
25
+4%
|
28
+9%
|
29
+4%
|
29
N/A
|
29
+1%
|
26
-10%
|
23
-12%
|
20
-10%
|
18
-13%
|
17
-5%
|
15
-14%
|
14
-3%
|
12
-14%
|
12
+1%
|
14
+17%
|
15
+6%
|
17
+12%
|
17
+3%
|
17
N/A
|
17
-3%
|
16
-8%
|
23
+46%
|
26
+13%
|
28
+8%
|
31
+10%
|
24
-22%
|
24
+1%
|
30
+23%
|
37
+23%
|
39
+6%
|
38
-3%
|
33
-12%
|
28
-17%
|
28
+2%
|
32
+12%
|
34
+6%
|
38
+13%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(1)
|
(2)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
18
N/A
|
19
+7%
|
20
+4%
|
22
+8%
|
23
+4%
|
25
+10%
|
26
+4%
|
26
-2%
|
26
+2%
|
23
-12%
|
20
-14%
|
17
-12%
|
14
-17%
|
13
-8%
|
11
-18%
|
10
-6%
|
8
-20%
|
8
-1%
|
10
+22%
|
11
+6%
|
12
+16%
|
13
+2%
|
13
N/A
|
12
-6%
|
11
-4%
|
19
+70%
|
23
+19%
|
26
+13%
|
28
+9%
|
22
-23%
|
22
+1%
|
26
+20%
|
33
+26%
|
35
+7%
|
34
-4%
|
28
-17%
|
22
-22%
|
21
-3%
|
24
+15%
|
28
+17%
|
33
+15%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(7)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(9)
|
(10)
|
(8)
|
(7)
|
(6)
|
(5)
|
(4)
|
(4)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(4)
|
(5)
|
(6)
|
(6)
|
(5)
|
(5)
|
(6)
|
(7)
|
(8)
|
(7)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
|
Income from Continuing Operations |
11
|
12
|
13
|
14
|
14
|
16
|
17
|
16
|
16
|
15
|
13
|
12
|
10
|
9
|
7
|
7
|
6
|
6
|
8
|
8
|
10
|
10
|
10
|
9
|
9
|
15
|
18
|
20
|
22
|
17
|
17
|
21
|
26
|
28
|
26
|
21
|
17
|
16
|
20
|
23
|
27
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
11
N/A
|
12
+7%
|
13
+4%
|
14
+8%
|
14
+5%
|
16
+10%
|
17
+6%
|
16
-2%
|
16
+1%
|
15
-11%
|
13
-11%
|
12
-11%
|
10
-14%
|
9
-6%
|
7
-23%
|
7
-4%
|
10
+45%
|
10
+4%
|
12
+13%
|
13
+8%
|
10
-24%
|
10
+5%
|
10
N/A
|
9
-8%
|
9
-2%
|
15
+63%
|
18
+18%
|
20
+13%
|
22
+9%
|
17
-23%
|
17
+2%
|
21
+21%
|
26
+25%
|
28
+7%
|
26
-4%
|
21
-19%
|
17
-21%
|
16
-3%
|
20
+20%
|
23
+19%
|
27
+15%
|
|
EPS (Diluted) |
0.5
N/A
|
0.54
+8%
|
0.56
+4%
|
0.6
+7%
|
0.63
+5%
|
0.69
+10%
|
0.73
+6%
|
0.72
-1%
|
0.73
+1%
|
0.65
-11%
|
0.58
-11%
|
0.51
-12%
|
0.44
-14%
|
0.41
-7%
|
0.32
-22%
|
0.31
-3%
|
0.44
+42%
|
0.46
+5%
|
0.52
+13%
|
0.56
+8%
|
0.43
-23%
|
0.45
+5%
|
0.45
N/A
|
0.42
-7%
|
0.4
-5%
|
0.66
+65%
|
0.78
+18%
|
0.89
+14%
|
0.96
+8%
|
0.74
-23%
|
0.75
+1%
|
0.91
+21%
|
1.14
+25%
|
1.21
+6%
|
1.16
-4%
|
0.94
-19%
|
0.73
-22%
|
0.71
-3%
|
0.85
+20%
|
1.02
+20%
|
1.16
+14%
|