$Natural Grocers by Vitamin Cottage (NGVC.US)$Revenue has co...
$Natural Grocers by Vitamin Cottage (NGVC.US)$Revenue has continued to grow over the past 5 years, with an average growth rate of 7.2%, growing amid fluctuations in operating profit. It surged 61.6% in 2020 due to rapid revenue growth. Since then, it has remained at a high level of 30 million, and net profit has maintained a slow growth rate at this level after rising to 20,000 in 2020.
Revenue increased 2.7% in the first two quarters of 2023. Operating profit fell 26.4% due to rapid growth in operating expenses, and net profit fell 32.6%. Currently, the price-earnings ratio is 13.3, and the price-earnings ratio TTM has increased 17.3 times. Considering recent slow growth or even contraction, it is not attractive for the time being.
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