Filing Flows › Natural Grocers by Vitamin Cottage (NGVC) › Q4 FY24
Natural Grocers by Vitamin Cottage (NGVC) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 12, 2024
Natural Grocers by Vitamin Cottage (NGVC) reported revenue of $323M for the fourth quarter fiscal 2024 (Q4 FY24), +9% from a year earlier and +4% from the quarter before. Operating margin was 3.7%, net earnings $9.0M (2.8% of revenue).
Natural Grocers by Vitamin Cottage, Q4 FY24: revenue $323M (+9% year over year), operating margin 3.7%, net earnings $9.0M, operating cash flow $24.5M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $323M | +4% | +9% |
| Gross profit | $95.4M | +6% | +13% |
| Operating profit | $12.1M | -6% | +56% |
| Net earnings | $9.0M | -2% | +53% |
| Operating cash flow | $24.5M | +97% | -14% |
| Free cash flow | $18.0M | +399% | +19% |
What changed
Revenue was $322.7M in Q4 FY24, up 9% year over year and up 4% from the previous quarter. Grocery was the largest line at 71% of revenue.
Gross margin was 29.6%, up 1.0 points from a year earlier. Operating profit was $12.1M, a 3.7% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 3% margin then. Operating expenses grew 9% against revenue growth of 9%. Net earnings were $9.0M, up 53% year over year. The effective tax rate was 18.2%.
Operating cash flow was $24.5M (down 14% year over year), 272% of net earnings. Non-cash charges added back $7.9M of depreciation and amortization and $929K of share-based compensation. Working capital and other items added $6.6M. Capital expenditures of $6.5M left free cash flow of $18.0M.
Questions
What was Natural Grocers by Vitamin Cottage's revenue in the fourth quarter fiscal 2024?
Natural Grocers by Vitamin Cottage (NGVC) reported revenue of $323M for the fourth quarter fiscal 2024 (Q4 FY24), +9% from a year earlier and +4% from the quarter before.
Was Natural Grocers by Vitamin Cottage profitable in the fourth quarter fiscal 2024?
Operating profit was $12.1M (3.7% of revenue) and net earnings $9.0M.
Source: Natural Grocers by Vitamin Cottage 10-K on SEC EDGAR.