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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 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.
Natural Grocers is excited to announce the upcoming Grand Opening of its new store in McCall, ID, on January 18, 2023. To support this launch, they are actively hiring for multiple positions, with roles starting as early as December 30, 2022. This location will be the company's fifth in Idaho, and they invite local residents to apply. Natural Grocers emphasizes its commitment to employee welfare, offering competitive pay, benefits, and a supportive culture. The company operates 164 stores across 21 states and aims to provide high-quality organic products.
Natural Grocers, a leading retailer of organic groceries, has announced its Top Trends for 2023, focusing on critical categories such as Health & Wellness, Body Care & Beauty, Food & Beverage, and Ecologically Thoughtful practices. The predictions were made by a specialized team analyzing consumer preferences and the ongoing effects of the COVID pandemic. Highlights include the rise of EPA & DHA for mental health, eco-friendly beauty products, and zero-waste cooking. The retailer emphasizes the importance of consumer choices for both personal wellbeing and environmental sustainability.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) announced a quarterly cash dividend of $0.10 per share, set to be paid on December 14, 2022. Shareholders of record by November 28, 2022 will qualify for this dividend. Established in 1955, the company operates 164 stores across 21 states, providing natural and organic groceries, dietary supplements, and nutrition education. The dividend reflects the company’s commitment to returning value to its shareholders as it continues to focus on quality and customer service.
Natural Grocers by Vitamin Cottage (NGVC) reported Q4 2022 net sales of $274.2 million, up 0.6% from Q4 2021. Net income was $2.2 million, or $0.09 EPS. For fiscal 2022, sales rose 3.2% to $1.1 billion, marking the 19th consecutive year of positive comparable store sales growth. The company anticipates fiscal 2023 daily average comparable store sales growth of -2.0% to 1.0% and diluted EPS between $0.70 and $0.90. The company declared a $0.10 quarterly cash dividend.
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