Natural Grocers is a certified organic retailer.
Pro Forma Profits Up
In the fourth quarter, Natural Grocers said net income of $899,021 was down about 26% vs. year-ago levels. Excluding a loss attributable to non-controlling interest, net income attributable to Natural Grocers increased 6%, to $973,000, and EBITDA increased 7.7% to $4.3 million. Gross profit increased 29% to $26.4 million, and gross margin increased to 29.3% of sales from 29.2%. The company attributed the increase in gross margin to a decrease in occupancy costs as a percentage of sales ...
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