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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 has launched its fifth annual Ladybug Love campaign in partnership with Beyond Pesticides, focused on protecting beneficial insects and promoting pesticide-free practices in local parks. Running through April, customers can take a pledge to support this initiative, with a goal of raising $250,000 for the Organic Parks Project. The campaign includes donations for pledges and purchases, Earth Day discounts, and educational resources. Natural Grocers, known for its organic products, operates 161 stores across 20 states.
Natural Grocers, the largest family-operated organic grocery retailer in the U.S., returns as a sponsor for Colorado's Rattler Racing in 2022. The partnership highlights Natural Grocers' commitment to community engagement and health. The first race, "The Bear," will take place on April 2. Attendees can enjoy free reusable bags and samples, emphasizing Natural Grocers' dedication to nutrition education. With 161 stores across 20 states, Natural Grocers focuses on providing affordable, high-quality organic products while promoting family-friendly events.
Natural Grocers announces its fourth annual Beat the Time Change Blues event from March 12-19, 2022, featuring discounts on various products aimed at supporting health during Daylight Saving Time. Shoppers can enjoy deals up to 42% off on items like Birch Benders Toaster Waffles and Natural Grocers Brand Organic Coffee. Additionally, customers can enter for a chance to win free coffee for a year valued at $95. The initiative aims to help communities adjust to the time change while promoting health education through its offerings.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) declared a quarterly cash dividend of $0.10 per share, payable on March 16, 2022. Shareholders on record by the close of business on February 28, 2022 will receive the dividend. The company operates 162 stores across 20 states, focusing on natural and organic groceries, body care, and supplements. It adheres to strict quality guidelines, offering only USDA certified organic produce and pasture-raised dairy products. Founded in 1955, Natural Grocers emphasizes nutrition education for its customers.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) reported a strong first quarter for fiscal 2022, with net sales of $277.3 million, a 4.6% increase year-over-year. Daily average comparable store sales rose 3.8%, while net income soared 145.5% to $8.9 million, translating to $0.39 in diluted EPS. Adjusted EBITDA climbed 44.7% to $19.5 million. Although the company faces ongoing challenges related to the COVID-19 pandemic, it confirms its fiscal 2022 outlook, anticipating diluted EPS between $0.75 and $0.87.
Natural Grocers by Vitamin Cottage announced plans to close its downtown Salt Lake City store by March 31, 2022, following a review of the store's performance. The closure will initiate a store closing sale on February 14th, with 25% off all products. The company assures customers that its nearby Sugar House store will remain operational and continue to serve the market. This is Natural Grocers' first store closure in Utah, and there are currently no plans for additional closures. The company will assist affected employees with transfers or severance packages, including health benefits through June 2022.
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