Natural Grocers by Vitamin Cottage (NGVC) S-8 Registration of securities for employees

Exhibit 23.2

KPMG LLP

Suite 800
1225 17th Street
Denver, CO 80202-5598

Consent of Independent Registered Public Accounting Firm

We consent to the use of our reports dated December 7, 2023, with respect to the consolidated financial statements of Natural Grocers by Vitamin Cottage, Inc., and the effectiveness of internal control over financial reporting, incorporated herein by reference.

/s/ KPMG LLP

Denver, Colorado
August 8, 2024

KPMG LLP, a Delaware limited liability partnership and a member firm of
the KPMG global organization of independent member firms affiliated with

KPMG International Limited, a private English company limited by guarantee.