$NGVC
Natural Grocers by Vitamin Cottage, Inc.

2024 Q1 Form 10-Q Financial Statement

#000143774924003513 Filed on February 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $308.1M $301.8M
YoY Change 8.77% 7.59%
Cost Of Revenue $217.7M $213.0M
YoY Change 8.45% 5.58%
Gross Profit $90.36M $88.76M
YoY Change 9.55% 12.76%
Gross Profit Margin 29.33% 29.42%
Selling, General & Admin $71.21M $70.47M
YoY Change 9.13% 9.32%
% of Gross Profit 78.81% 79.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.702M $7.451M
YoY Change 7.66% 5.51%
% of Gross Profit 8.52% 8.39%
Operating Expenses $78.70M $77.78M
YoY Change 7.68% 7.77%
Operating Profit $11.26M $10.80M
YoY Change 33.57% 68.35%
Interest Expense $1.177M $894.0K
YoY Change 41.13% 12.31%
% of Operating Profit 10.45% 8.28%
Other Income/Expense, Net
YoY Change
Pretax Income $10.08M $9.909M
YoY Change 32.74% 76.29%
Income Tax $2.123M $2.154M
% Of Pretax Income 21.05% 21.74%
Net Earnings $7.961M $7.755M
YoY Change 35.3% 75.97%
Net Earnings / Revenue 2.58% 2.57%
Basic Earnings Per Share $0.35 $0.34
Diluted Earnings Per Share $0.35 $0.34
COMMON SHARES
Basic Shares Outstanding 22.75M 22.75M
Diluted Shares Outstanding 23.06M 22.98M

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.97M $13.62M
YoY Change -42.16% -19.59%
Cash & Equivalents $10.97M $13.62M
Short-Term Investments
Other Short-Term Assets $3.806M $4.238M
YoY Change -0.81% 10.54%
Inventory $117.4M $116.1M
Prepaid Expenses
Receivables $8.741M $9.324M
Other Receivables $0.00 $0.00
Total Short-Term Assets $140.9M $143.3M
YoY Change -3.37% 2.23%
LONG-TERM ASSETS
Property, Plant & Equipment $178.3M $177.3M
YoY Change 13.08% 11.33%
Goodwill $5.198M $5.198M
YoY Change 0.0% 0.0%
Intangibles $9.193M $9.243M
YoY Change -3.52% -7.13%
Long-Term Investments
YoY Change
Other Assets $315.0K $409.0K
YoY Change -30.0% -12.79%
Total Long-Term Assets $515.7M $519.9M
YoY Change 1.86% 0.29%
TOTAL ASSETS
Total Short-Term Assets $140.9M $143.3M
Total Long-Term Assets $515.7M $519.9M
Total Assets $656.6M $663.2M
YoY Change 0.69% 0.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $84.18M $81.59M
YoY Change 11.18% 8.05%
Accrued Expenses $32.31M $31.99M
YoY Change 29.22% 33.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.688M $5.688M
YoY Change 110.74% 225.03%
Total Short-Term Liabilities $159.9M $158.9M
YoY Change 13.6% 13.85%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $267.3M $271.8M
YoY Change -4.02% -5.32%
Total Long-Term Liabilities $336.7M $350.4M
YoY Change -3.6% -2.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $159.9M $158.9M
Total Long-Term Liabilities $336.7M $350.4M
Total Liabilities $496.6M $509.3M
YoY Change 1.34% 1.79%
SHAREHOLDERS EQUITY
Retained Earnings $100.2M $94.56M
YoY Change -3.11% -5.3%
Common Stock $59.73M $59.30M
YoY Change 2.03% 1.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $160.0M $153.9M
YoY Change
Total Liabilities & Shareholders Equity $656.6M $663.2M
YoY Change 0.69% 0.7%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $7.961M $7.755M
YoY Change 35.3% 75.97%
Depreciation, Depletion And Amortization $7.702M $7.451M
YoY Change 7.66% 5.51%
Cash From Operating Activities $20.22M $16.62M
YoY Change 48.15% -21.61%
INVESTING ACTIVITIES
Capital Expenditures $10.71M $11.73M
YoY Change 63.72% 12.69%
Acquisitions
YoY Change
Other Investing Activities $6.000K $38.00K
YoY Change -88.24% 80.95%
Cash From Investing Activities -$10.70M -$11.81M
YoY Change 64.92% 4.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.000M
YoY Change 0.0%
Cash From Financing Activities -12.17M -$9.539M
YoY Change 137.05% 89.57%
NET CHANGE
Cash From Operating Activities 20.22M $16.62M
Cash From Investing Activities -10.70M -$11.81M
Cash From Financing Activities -12.17M -$9.539M
Net Change In Cash -2.650M -$4.722M
YoY Change -230.8% -196.37%
FREE CASH FLOW
Cash From Operating Activities $20.22M $16.62M
Capital Expenditures $10.71M $11.73M
Free Cash Flow $9.514M $4.890M
YoY Change 33.83% -54.7%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q4 ngvc Pre Opening Costs And Relocation Expenses
PreOpeningCostsAndRelocationExpenses
453000 usd
CY2023Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
10803000 usd
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
6417000 usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Gross Profit
GrossProfit
88760000 usd
CY2022Q4 us-gaap Gross Profit
GrossProfit
78719000 usd
CY2022Q4 ngvc Store Expenses
StoreExpenses
63596000 usd
CY2023Q4 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023Q4 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2023Q4 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
CY2023Q4 dei Amendment Flag
AmendmentFlag
false
CY2023Q4 dei Entity Central Index Key
EntityCentralIndexKey
0001547459
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
0
CY2022Q4 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
0
CY2022Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2023Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2016Q2 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P2Y
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 ngvc Store Expenses
StoreExpenses
68012000 usd
CY2023Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9407000 usd
CY2022Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8253000 usd
CY2023Q4 ngvc Pre Opening Costs And Relocation Expenses
PreOpeningCostsAndRelocationExpenses
538000 usd
CY2023Q4 us-gaap Interest Expense
InterestExpense
894000 usd
CY2022Q4 us-gaap Interest Expense
InterestExpense
796000 usd
CY2023Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9909000 usd
CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5621000 usd
CY2023Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2154000 usd
CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1214000 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
7755000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
4407000 usd
CY2023Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22751524
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22708644
CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22979744
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22801450
CY2023Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7451000 usd
CY2022Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7062000 usd
CY2023Q4 ngvc Impairment Of Longlived Assets And Store Closing Costs
ImpairmentOfLonglivedAssetsAndStoreClosingCosts
90000 usd
CY2022Q4 ngvc Impairment Of Longlived Assets And Store Closing Costs
ImpairmentOfLonglivedAssetsAndStoreClosingCosts
0 usd
CY2023Q4 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-30000 usd
CY2022Q4 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-3000 usd
CY2023Q4 us-gaap Share Based Compensation
ShareBasedCompensation
406000 usd
CY2022Q4 us-gaap Share Based Compensation
ShareBasedCompensation
357000 usd
CY2023Q4 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-430000 usd
CY2022Q4 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
218000 usd
CY2023Q4 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4000 usd
CY2022Q4 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5000 usd
CY2023Q4 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1135000 usd
CY2022Q4 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2296000 usd
CY2023Q4 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-3183000 usd
CY2022Q4 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2381000 usd
CY2023Q4 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
319000 usd
CY2022Q4 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7000 usd
CY2023Q4 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-252000 usd
CY2022Q4 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-533000 usd
CY2023Q4 ngvc Increase Decrease In Operating Lease Asset
IncreaseDecreaseInOperatingLeaseAsset
-8319000 usd
CY2022Q4 ngvc Increase Decrease In Operating Lease Asset
IncreaseDecreaseInOperatingLeaseAsset
-8172000 usd
CY2023Q4 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-8401000 usd
CY2022Q4 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-8281000 usd
CY2023Q4 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1776000 usd
CY2022Q4 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
6771000 usd
CY2023Q4 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1075000 usd
CY2022Q4 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2710000 usd
CY2023Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16624000 usd
CY2022Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21207000 usd
CY2023Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11734000 usd
CY2022Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10413000 usd
CY2023Q4 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
111000 usd
CY2022Q4 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
883000 usd
CY2023Q4 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
CY2022Q4 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
21000 usd
CY2023Q4 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
38000 usd
CY2022Q4 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 usd
CY2023Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11807000 usd
CY2022Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11275000 usd
CY2023Q4 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
155000000 usd
CY2022Q4 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
125000000 usd
CY2023Q4 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
136600000 usd
CY2022Q4 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
125000000 usd
CY2023Q4 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2000000 usd
CY2022Q4 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2000000 usd
CY2023Q4 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
815000 usd
CY2022Q4 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
642000 usd
CY2023Q4 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
25028000 usd
CY2022Q4 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2272000 usd
CY2023Q4 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
18000 usd
CY2022Q4 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
-0 usd
CY2023Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
78000 usd
CY2022Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
118000 usd
CY2023Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9539000 usd
CY2022Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5032000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4722000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4900000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18342000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
12039000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13620000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16939000 usd
CY2023Q4 us-gaap Interest Paid Net
InterestPaidNet
441000 usd
CY2022Q4 us-gaap Interest Paid Net
InterestPaidNet
272000 usd
CY2023Q4 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
130000 usd
CY2022Q4 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
78000 usd
CY2023Q4 ngvc Payments For Interest On Capital Lease Finance Obligations And Capital Lease Obligations
PaymentsForInterestOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligations
455000 usd
CY2022Q4 ngvc Payments For Interest On Capital Lease Finance Obligations And Capital Lease Obligations
PaymentsForInterestOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligations
490000 usd
CY2023Q4 us-gaap Income Taxes Paid
IncomeTaxesPaid
5000 usd
CY2022Q4 us-gaap Income Taxes Paid
IncomeTaxesPaid
2000 usd
CY2023Q4 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8514000 usd
CY2022Q4 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4295000 usd
CY2023Q4 ngvc Other Intangible Expenditures Incurred But Not Yet Paid
OtherIntangibleExpendituresIncurredButNotYetPaid
191000 usd
CY2022Q4 ngvc Other Intangible Expenditures Incurred But Not Yet Paid
OtherIntangibleExpendituresIncurredButNotYetPaid
138000 usd
CY2023Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4680000 usd
CY2022Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
756000 usd
CY2023Q4 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
52000 usd
CY2022Q4 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1694000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
170841000 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
7755000 usd
CY2023Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
328000 usd
CY2023Q4 us-gaap Dividends Cash
DividendsCash
25028000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
153860000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
155812000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
4407000 usd
CY2022Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
239000 usd
CY2022Q4 us-gaap Dividends Cash
DividendsCash
2272000 usd
CY2023Q4 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>1. Organization</b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><i>Nature of Business</i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">Natural Grocers by Vitamin Cottage, Inc. (Natural Grocers or the holding company) and its consolidated subsidiaries (collectively, the Company) operate retail stores that specialize in natural and organic groceries, dietary supplements and body care products. The Company operated 167 and 165 stores as of December 31, 2023 and September 30, 2023, respectively, in 21 states. The Company also has a bulk food repackaging facility and distribution center in Golden, Colorado.</p>
CY2023Q4 us-gaap Number Of Stores
NumberOfStores
167 pure
CY2023Q3 us-gaap Number Of Stores
NumberOfStores
165 pure
CY2023Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
21 pure
CY2023Q4 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><i>Use of Estimates</i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management reviews its estimates on an ongoing basis, including those related to valuation of inventories, useful lives of long-lived assets for depreciation and amortization, impairment of finite-lived intangible assets, long-lived assets, and goodwill, lease assumptions, allowances for self-insurance reserves, deferred tax assets and liabilities, and litigation based on currently available information. Changes in facts and circumstances may result in revised estimates and actual results could differ from those estimates.</p>
CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
301750000 usd
CY2023Q4 ngvc Revenue Percent Of Total Revenue
RevenuePercentOfTotalRevenue
1 pure
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
280457000 usd
CY2022Q4 ngvc Revenue Percent Of Total Revenue
RevenuePercentOfTotalRevenue
1 pure
CY2023Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
8100000 usd
CY2023Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7755000 usd
CY2022Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4407000 usd
CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22751524
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22708644
CY2023Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
228220
CY2022Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
92806
CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22979744
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22801450
CY2023Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2023Q4 ngvc Capital And Financing Lease Obligations Number Of Leases
CapitalAndFinancingLeaseObligationsNumberOfLeases
24 pure
CY2023Q4 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
1000000 usd
CY2022Q4 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
900000 usd
CY2023Q4 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
100000 usd
CY2022Q4 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
100000 usd
CY2016Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000 usd
CY2023Q4 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
6497
CY2023Q4 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
100000 usd
CY2023Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
6497
CY2023Q4 us-gaap Lease Cost
LeaseCost
15212000 usd
CY2022Q4 us-gaap Lease Cost
LeaseCost
14846000 usd
CY2023Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
11380000 usd
CY2022Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
11267000 usd
CY2023Q4 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
585000 usd
CY2022Q4 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
568000 usd
CY2023Q4 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
815000 usd
CY2022Q4 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
642000 usd
CY2023Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4680000 usd
CY2022Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
756000 usd
CY2023Q4 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
52000 usd
CY2022Q4 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1694000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y1M6D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y7M6D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P14Y
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P14Y3M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.037 pure
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.049 pure
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.048 pure
CY2023Q4 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
100000 usd
CY2023Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
14052000 usd
CY2023Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
14129000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
35238000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
4480000 usd
CY2023Q4 ngvc Lessee Operating And Finance Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingAndFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
39718000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
45764000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
6051000 usd
CY2023Q4 ngvc Lessee Operating And Finance Lease Liability Payments Due Year One
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearOne
51815000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
42914000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
6093000 usd
CY2023Q4 ngvc Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
49007000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
41119000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
6138000 usd
CY2023Q4 ngvc Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
47257000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
38287000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
5053000 usd
CY2023Q4 ngvc Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
43340000 usd
CY2023Q4 ngvc Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
171203000 usd
CY2023Q4 ngvc Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
40931000 usd
CY2023Q4 ngvc Lessee Operating And Finance Lease Liability Payments Due After Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFour
212134000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
374525000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
68746000 usd
CY2023Q4 ngvc Lessee Operating And Finance Lease Liability Payments Due
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue
443271000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
66853000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
18781000 usd
CY2023Q4 ngvc Lessee Operating And Finance Lease Liability Imputed Interest
LesseeOperatingAndFinanceLeaseLiabilityImputedInterest
85634000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
307672000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
49965000 usd
CY2023Q4 ngvc Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
357637000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
35840000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3762000 usd
CY2023Q4 ngvc Operating And Finance Lease Liability Current
OperatingAndFinanceLeaseLiabilityCurrent
39602000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
271832000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
46203000 usd
CY2023Q4 ngvc Operating And Finance Lease Liability Noncurrent
OperatingAndFinanceLeaseLiabilityNoncurrent
318035000 usd
CY2023Q4 ngvc Lessee Operating Lease Lease Not Yet Commenced Minimum Lease Payments
LesseeOperatingLeaseLeaseNotYetCommencedMinimumLeasePayments
5800000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
440044000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
428688000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
262767000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
259628000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
177277000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
169060000 usd
CY2023Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7451000 usd
CY2022Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7062000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5717000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5326000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7490000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7881000 usd
CY2023Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
943000 usd
CY2023Q3 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
643000 usd
CY2023Q4 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
389000 usd
CY2023Q3 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
389000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
32000 usd
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
18000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
8854000 usd
CY2023Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
8931000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
5198000 usd
CY2023Q3 us-gaap Goodwill
Goodwill
5198000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
13666000 usd
CY2023Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
17719000 usd
CY2023Q4 ngvc Accrued Income Property Sales And Use Tax Payable
AccruedIncomePropertySalesAndUseTaxPayable
9919000 usd
CY2023Q3 ngvc Accrued Income Property Sales And Use Tax Payable
AccruedIncomePropertySalesAndUseTaxPayable
9844000 usd
CY2023Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
589000 usd
CY2023Q3 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
466000 usd
CY2023Q4 ngvc Deferred Revenue Gift Cards
DeferredRevenueGiftCards
2221000 usd
CY2023Q3 ngvc Deferred Revenue Gift Cards
DeferredRevenueGiftCards
1866000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5594000 usd
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3169000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
31989000 usd
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
33064000 usd

Files In Submission

Name View Source Status
0001437749-24-003513-index-headers.html Edgar Link pending
0001437749-24-003513-index.html Edgar Link pending
0001437749-24-003513.txt Edgar Link pending
0001437749-24-003513-xbrl.zip Edgar Link pending
ex_621862.htm Edgar Link pending
ex_621863.htm Edgar Link pending
ex_621864.htm Edgar Link pending
ex_621865.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
logo01.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
ngvc-20231231.xsd Edgar Link pending
ngvc20231231_10q.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
ngvc-20231231_def.xml Edgar Link unprocessable
ngvc-20231231_lab.xml Edgar Link unprocessable
ngvc-20231231_pre.xml Edgar Link unprocessable
ngvc-20231231_cal.xml Edgar Link unprocessable
ngvc20231231_10q_htm.xml Edgar Link completed
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable