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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
On August 25, 2022, Natural Grocers announced its membership in the U.S. Working Group for Broiler Welfare, which has now expanded to 16 members. The group aims to implement higher welfare standards for broiler chickens, responding to consumer demands. Notably, the group collectively purchased over 540 million pounds of chicken in 2021, significantly impacting industry practices. Collaborating with Perdue Farms, the group seeks to uphold the Better Chicken Commitment, improving the welfare of over 111 million chickens annually.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) announced a quarterly cash dividend of $0.10 per common share, payable on September 14, 2022. The record date for this dividend is August 29, 2022. The company focuses on providing natural and organic products, maintaining strict quality guidelines, including USDA certified organic produce. Founded in 1955, Natural Grocers operates 163 stores across 21 states, emphasizing affordable pricing and extensive nutrition education programs for customers.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) reported a 3.0% increase in net sales to $266.3 million for Q3 FY 2022, compared to the previous year. Daily average comparable store sales rose 2.5%. The operating income decreased to $5.7 million and net income fell to $3.9 million or $0.17 diluted EPS. Adjusted EBITDA was $13.0 million. The company declared a quarterly dividend of $0.10 per share and revised fiscal 2022 outlook, anticipating 3-4 new stores and $0.87 to $0.96 EPS.
Natural Grocers will sponsor the Southern Family Farmers and Food Systems Conference from August 7-9, 2022, in San Marcos, TX. The conference promotes local and sustainable agriculture and features educational sessions and networking opportunities. Notably, Natural Grocers will screen the film Regenerative Renegades on August 8, followed by a panel discussion addressing topics like soil health and community vitality. The event aims to unite farmers, food businesses, and consumers to reinforce a sustainable food system amidst ongoing challenges like food inflation and supply chain issues.
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