Natural Grocers by Vitamin Cottage | 10-Q: FY2025 Q2 Revenue: USD 335.77 M

Revenue: As of FY2025 Q2, the actual value is USD 335.77 M.

EPS: As of FY2025 Q2, the actual value is USD 0.56.

EBIT: As of FY2025 Q2, the actual value is USD 25.44 M.

Net Sales: $335.8 million for the three months ended March 31, 2025, an increase of $27.7 million, or 9.0%, compared to $308.1 million for the same period in 2024. Net sales were $666.0 million for the six months ended March 31, 2025, an increase of $56.1 million, or 9.2%, compared to $609.8 million for the six months ended March 31, 2024.

Net Income: $13.1 million for the three months ended March 31, 2025, an increase of $5.1 million, or 64.6%, compared to $8.0 million for the same period in 2024. Net income was $23.0 million for the six months ended March 31, 2025, an increase of $7.3 million, or 46.6%, compared to $15.7 million for the six months ended March 31, 2024.
Gross Profit: $101.7 million for the three months ended March 31, 2025, an increase of $11.4 million, or 12.6%, compared to $90.4 million for the same period in 2024. Gross profit was $200.6 million for the six months ended March 31, 2025, an increase of $21.5 million, or 12.0%, compared to $179.1 million for the six months ended March 31, 2024.
Operating Income: $17.6 million for the three months ended March 31, 2025, an increase of $6.3 million, or 55.9%, compared to $11.3 million for the same period in 2024. Operating income was $30.9 million for the six months ended March 31, 2025, an increase of $8.8 million, or 40.1%, compared to $22.1 million for the six months ended March 31, 2024.

Net Cash Provided by Operating Activities: $36.7 million for the six months ended March 31, 2025, compared to $36.8 million for the same period in 2024.
Net Cash Used in Investing Activities: $15.9 million for the six months ended March 31, 2025, compared to $22.5 million for the same period in 2024.
Net Cash Used in Financing Activities: $8.5 million for the six months ended March 31, 2025, compared to $21.7 million for the same period in 2024.

EBITDA: $25.4 million for the three months ended March 31, 2025, an increase of $6.5 million, or 34.2%, compared to $19.0 million for the same period in 2024. EBITDA was $46.7 million for the six months ended March 31, 2025, an increase of $9.5 million, or 25.6%, compared to $37.2 million for the six months ended March 31, 2024.
Adjusted EBITDA: $26.3 million for the three months ended March 31, 2025, an increase of $6.6 million, or 33.3%, compared to $19.7 million for the same period in 2024. Adjusted EBITDA was $49.1 million for the six months ended March 31, 2025, an increase of $10.6 million, or 27.6%, compared to $38.5 million for the six months ended March 31, 2024.

Core Business Focus: The company plans to open three to four new stores and relocate/remodel two to four existing stores in fiscal year 2025. The company believes there are opportunities for increased leverage of costs and increased economies of scale in sourcing products.
Non-Core Business: The company is evaluating the impact of new accounting pronouncements on its financial statements and expects to adopt new segment disclosure requirements for its single reportable segment.

The company emphasizes strategies with concrete projections, such as store openings and relocations, and expects the rate of new store unit growth to be dependent upon economic and business conditions.