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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 launching its Holly Deals program from December 11 to 23, 2021, offering over 100 products at discounts up to 48%. This initiative aims to create a stress-free holiday shopping experience, featuring gift bundles categorized for budget-friendly gifting. Customers can enjoy healthy, high-quality products free from artificial additives. Additionally, two Instagram giveaways will feature gift cards and chocolates to enhance the festive spirit. Natural Grocers emphasizes community support, aiming to unite and celebrate during the holiday season.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) declared a quarterly cash dividend of $0.10 per share, marking a 43% increase from the previous dividend. The dividend will be distributed to stockholders of record on November 29, 2021, with payment slated for December 15, 2021. This positive development reflects the company's commitment to returning value to shareholders amidst ongoing operations in the natural grocery sector.
Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) reported a strong fourth quarter and fiscal year 2021.
Net sales rose 3.2% to $272.6 million for Q4, with net income surging 93.3% to $7.2 million.
For the full year, sales increased 1.8% to $1.1 billion, marking the 18th consecutive year of positive comparable sales growth.
Diluted EPS for Q4 was $0.32, a 100% increase year-over-year. The company declared a quarterly cash dividend of $0.10, up 43% from previous dividends, and expects moderate growth in fiscal 2022 amidst ongoing COVID-19 impacts.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) will release its fourth quarter and fiscal year 2021 financial results on November 18, 2021, after market close. The company will host a conference call for analysts and investors at 2:30 p.m. MT (4:30 p.m. ET) to discuss the results. Interested parties can participate by dialing the provided numbers or via webcast on the company's Investor Relations website. The archived audio recording will be available for at least 20 days.
Natural Grocers, a leading retailer of organic products, has opened turkey pre-orders for Thanksgiving at its 162 stores across 20 states and online. Customers can choose from six varieties of Mary's Free-Range Turkeys, known for humane farming practices, and other vegan options. Notable offerings include Organic Pre-Cooked Oven Roasted turkeys and Turkey-Time Rewards for registered customers. Orders placed by October 31, 2021, earn a $5 reward, while those spending over $50 from November 17-24 can win a free turkey. Special deals on sides and appetizers will be available.
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