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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 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.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) has released its inaugural Environmental, Social, and Governance (ESG) Report. The report highlights the company's commitment to high product standards that support human and environmental health, such as selling only free-range eggs and 100% pasture-based dairy products. Natural Grocers aims to inspire industry peers with its sustainability practices while maintaining affordable prices. The report can be accessed through the Investor Relations section of their website.
Natural Grocers is hosting its 2nd annual Body Care & Beauty Bonanza from January 28 to February 26, 2022, emphasizing detoxifying beauty routines. Customers can save up to 30% on various natural beauty products and enjoy free samples. The initiative features over 150 brands compliant with high-quality standards to eliminate harmful ingredients. The event also includes giveaways, contests, and educational programs aimed at promoting cleaner personal care habits, highlighting the company's commitment to health and sustainability.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) will release its first quarter fiscal year 2022 financial results on February 3, 2022, after market close. A conference call for investors will follow at 2:30 p.m. MT (4:30 p.m. ET). Participants can join by dialing specific numbers provided in the release. Investors can also access a webcast of the call via the company’s Investor Relations website. Natural Grocers is recognized for its commitment to natural and organic products, featuring a strict quality guideline for its offerings.
Natural Grocers is launching the 21 Days to a Healthier You series, running from January 24 to February 13, 2022. This free program, part of its Nutrition Education initiative, aims to empower participants towards better health through in-person and virtual classes led by Nutritional Health Coaches. Attendees will receive a $5 coupon per class and a customized coupon book. The program includes three key steps: improving diet, managing sugar cravings, and detoxifying home & body.
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.
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