Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) has just released its fiscal 2025 fourth quarter and full year results, reporting record sales and earnings. The company's net sales for the fourth quarter of fiscal 2025 increased by 4.2% to $336.1 million, with daily average comparable store sales also rising by 4.2%. Net income for the same period surged by 31.0% to $11.8 million, with diluted earnings per share reaching $0.51, and adjusted EBITDA increasing by 7.7% to $24.4 million.
For the full fiscal year 2025, Natural Grocers saw a 7.2% increase in net sales, reaching $1.33 billion. Daily average comparable store sales also rose by 7.3%, and net income increased by an impressive 36.9% to $46.4 million, with diluted earnings per share of $2.00. Adjusted EBITDA for the fiscal year increased by 17.5% to $97.9 million. The company also opened two new stores and relocated/remodeled three stores during the fiscal year.
The company attributed its strong performance to consumers' continued preference for high-quality natural and organic products, reflecting their focus on health and wellness. Natural Grocers' commitment to "always affordable" prices was noted as a factor that provides compelling value for its customers, especially during periods of economic uncertainty.
Looking ahead to fiscal 2026, Natural Grocers plans to open six to eight new stores and increase its quarterly cash dividend by 25% to $0.15 per common share, reflecting confidence in its ability to create long-term stockholder value.
The company's financial position as of September 30, 2025, included $17.1 million in cash and cash equivalents and no outstanding borrowings on its $72.5 million revolving credit facility. During fiscal 2025, the company generated $55.3 million in cash from operations and invested $31.0 million in net capital expenditures, primarily for new and relocated/remodeled stores.
In terms of dividends, Natural Grocers announced a 25% increase in its quarterly cash dividend to $0.15 per common share, to be paid on December 10, 2025, to stockholders of record at the close of business on December 1, 2025.
The company reported opening two new stores during fiscal 2025, ending the year with 169 stores in 21 states. For fiscal 2026, the company confirmed its outlook for the number of new stores, relocations/remodels, daily average comparable store sales growth, and diluted earnings per share.
Natural Grocers will host a conference call to discuss the earnings release today at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time), with a simultaneous audio webcast available at http://investors.naturalgrocers.com.
Founded in 1955, Natural Grocers by Vitamin Cottage, Inc. currently operates 168 stores in 21 states. The company is known for its strict quality guidelines for the products it sells, its commitment to science-based nutrition education programs, and its shopper-friendly, clean, and convenient retail environment. Following these announcements, the company's shares moved -3.22%, and are now trading at a price of $30.35. For the full picture, make sure to review Natural Grocers by Vitamin Cottage's 8-K report.
