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Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is a leading specialty retailer of natural and organic groceries, body care products, and dietary supplements. Founded in 1955 and headquartered in Lakewood, Colorado, the company operates 168 stores across 21 states. Known for its stringent quality guidelines, Natural Grocers ensures that its products do not contain artificial colors, flavors, preservatives, sweeteners, or hydrogenated oils. The company exclusively sells USDA-certified organic produce, pasture-raised, non-confinement dairy products, and free-range eggs.
Natural Grocers combines affordability with high-quality natural products and supplements while empowering communities through free health and nutrition education. Customers have access to over 30,000 natural and organic items, alongside educational resources such as science-based literature, nutritional counseling, and cooking demonstrations led by knowledgeable employees.
In line with its commitment to sustainability and community well-being, Natural Grocers has established several noteworthy initiatives and partnerships. For example, through its annual Ladybug Love campaign, the company collaborates with Beyond Pesticides to promote organic landscape management in local parks. Furthermore, Natural Grocers has been recognized for excellence, recently receiving the Circle of Excellence award from UNFI for outstanding achievements in performance, community impact, and partnership in 2023.
The company's financial performance remains robust, with record sales, margin expansion, and significant earnings growth reported for the second quarter of fiscal 2024. Net sales rose by 8.8% to $308.1 million, driven by an increase in both transaction size and transaction count. The company’s loyalty program, {N}power, and targeted marketing campaigns have played a significant role in customer engagement and sales growth.
Natural Grocers is also deeply engaged in community support, having recently donated funds to La Puente, a Colorado-based non-profit organization. The company also supports food security initiatives through its
Natural Grocers by Vitamin Cottage (NYSE: NGVC) has declared a quarterly cash dividend of $0.10 per share. The dividend will be paid on March 15, 2023, to stockholders on record as of the close of business on February 27, 2023. Natural Grocers is known for its commitment to providing USDA certified organic products and offering science-based nutrition education. Founded in 1955, the company operates 166 stores across 21 states, focusing on natural and organic groceries, body care, and dietary supplements.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) reported its first-quarter fiscal 2023 results with net sales of $280.5 million, reflecting a 1.1% increase compared to the prior year. Net income decreased to $4.4 million or $0.19 diluted EPS, down from $8.9 million or $0.39 diluted EPS a year earlier. Adjusted EBITDA was $13.8 million, compared to $19.5 million in the same period last year. The company reaffirmed its fiscal 2023 guidance, expecting 4-6 new stores, 0-1% growth in daily average comparable store sales, and diluted EPS of $0.70 to $0.90. The company also announced a quarterly cash dividend of $0.10 per share.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) will release its first quarter fiscal year 2023 financial results on February 2, 2023, after market close. The company will host a conference call at 2:30 PM MT (4:30 PM ET) for analysts and investors to discuss the results. Participants can join by calling 1-888-347-6606 (U.S.), 1-855-669-9657 (Canada), or 1-412-902-4289 (International). The conference ID is "Natural Grocers Q1 FY 2023 Earnings Call." Webcast details will be available on the company's website.
Natural Grocers is set to open a new store in McCall, ID on January 18, 2023, marking its fifth location in Idaho. The grand opening will include celebrations such as giveaways and discounts. The store will feature organic produce, body care products, and dietary supplements. A $2,500 donation will be presented to Heartland Hunger & Resources Center, highlighting community involvement. Customers can enjoy discounts up to 50% during the opening event, alongside a range of activities, including sweepstakes for high-value prizes.
Natural Grocers is providing free filtered water to residents of Midland, Texas, affected by a boil-water notice due to a recent water main break. This initiative began on January 6, 2023, and will continue until the notice is lifted. The water is sourced from the store's reverse osmosis filtration system, ensuring safety without the need for boiling. Each person can collect up to two gallons per day, with limited availability due to filtration capacity. Brian Phillips, Director of Store Operations, emphasizes community support during this challenging time.
Natural Grocers, the largest family-operated organic retailer in the U.S., is set to open its 44th Colorado location in Central Park, Denver, on January 7, 2023. The store will host a Grand Opening Celebration with giveaways, discounts, and a donation to the Food Bank of the Rockies. Customers can enjoy significant savings on organic produce and products throughout January. The new location emphasizes sustainability with energy-saving features. Natural Grocers remains committed to providing access to healthy food at always affordable prices.
Natural Grocers is launching its annual Holly Deals event from December 10 - 22, 2022, featuring over 100 holiday essentials with discounts of up to 42%. Customers can enjoy festive freebies, such as free samples of coffee and popcorn, and a BOGO bacon offer. The event aims to provide affordable gift ideas and essential products while supporting local communities through a shoe donation initiative with NOW. Additionally, shoppers can participate in an Instagram giveaway for a chance to win $100 gift cards. The event promises a convenient shopping experience during the holiday season.
Natural Grocers has been honored with two awards at the 2022 Impact Awards by Progressive Grocer, recognizing its work in Food Security/Nutritional Leadership and Workforce Development/Employee Support. The retailer has been acknowledged for its commitment to providing affordable organic products, partnering with local food banks, and offering unique nutrition education.
Additionally, Natural Grocers supports its employees with competitive pay, training, and the Heroes in Aprons Fund.
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