Welcome to our dedicated page for NATURAL GROCERS BY VITAMIN COTTAGE news (Ticker: NGVC), a resource for investors and traders seeking the latest updates and insights on NATURAL GROCERS BY VITAMIN COTTAGE stock.
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 (NYSE: NGVC) reported a 2.4% decline in net sales for Q3 FY2021, totaling $258.6 million, despite a 7.3% increase in net income to $5.0 million. Diluted earnings per share rose to $0.22. The company highlighted a 1.3% new store growth rate and maintained strong gross margins of 27.7%. Although daily average comparable store sales decreased 3.6%, the company expects EPS guidance to rise to between $0.68 and $0.74 for the full fiscal year, reflecting strong operational execution.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) will release its third quarter fiscal year 2021 financial results on August 5, 2021, after market close. A conference call for analysts and investors will follow at 2:30 PM MT. Participants can join by dialing 1-888-347-6606 for the U.S. or via the Investor Relations section of the company's website. Natural Grocers, which has been operational since 1955, specializes in natural and organic groceries, boasting 161 stores across 20 states.
Natural Grocers has launched its first hydroponic initiative, the GardenBox, located at the Green Mountain store in Lakewood, CO. This innovative farm grows certified organic leafy greens just 82 steps away from the store, ensuring freshness and flavor. GardenBox greens are priced at $1.99 per head and include various lettuce types. The system uses less water and offers nutrient-dense produce while maintaining sustainability with certified organic practices. Natural Grocers is committed to transparent farming and is participating in research on nutrient density.
Natural Grocers has revamped its {N}power customer loyalty program, effective July 1, 2021, enhancing the user experience and rewards system. Members can now earn one point for every $1 spent and receive $2 for every 200 points, with an annual $2 reward on sign-up anniversaries. Special pricing applies to select products, plus surprise offers throughout the year. From July 1 to September 30, 2021, members enjoy a 10% discount on Natural Grocers Brand Vitamins & Supplements. The company emphasizes quality, providing organic groceries and nutrition education across 161 stores in 20 states.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) is launching its "Rock the Grill" event throughout July 2021 at all 161 stores, celebrating National Grilling Month. The event features discounts up to 49% on various products from July 15-17, including grill staples and meal deals starting at under $12. Additionally, {N}power members are entered into sweepstakes for a YETI cooler or gift cards with qualifying purchases. A food bank fundraiser is also included, donating $1 for every reusable bag sold, from June 25 to July 31.
Natural Grocers is set to remodel its Wichita, KS store, enhancing the shopping experience with a modern layout and upgraded features. The store will temporarily close from June 21 to June 25 and will celebrate its grand reopening on July 5 with 25% off storewide, special giveaways, and a prize contest. The remodel includes sustainable building features, a Nutrition Education Center, and expanded product offerings. This location, operational since 2011, aims to better serve the Wichita community with a focus on organic and health-conscious products.
Natural Grocers™ will relocate and expand its Midland, TX store, closing the current location on May 17 and reopening at 3001 Loop 250 Frontage Road on May 20. The new store will be over 25% larger, featuring a modern layout, improved checkout, and a Nutrition Education Center. Customers can enjoy expanded organic produce, vitamins, and meats. The grand reopening will include giveaways, discounts, and a prize contest from May 20 to 24. Natural Grocers emphasizes sustainability with energy-efficient upgrades and offers free health coaching for customers.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) has declared a quarterly cash dividend of $0.07 per share, set to be paid on June 16, 2021. This dividend will benefit stockholders of record as of June 1, 2021. The company, which operates 161 stores across 20 states, focuses on natural and organic products, adhering to strict quality standards. Established in 1955, Natural Grocers emphasizes affordable pricing and provides free nutrition education programs to assist customers in making informed health choices.
Natural Grocers by Vitamin Cottage (NGVC) reported a 6.6% decline in net sales for Q2 FY 2021, totaling $259.2 million, compared to the same period in FY 2020. Daily average comparable store sales fell 7.0%, influenced by severe weather and challenging year-over-year comparisons due to pandemic-related sales spikes. Operating income decreased 49.4% to $6.7 million, with diluted earnings per share at $0.21. Despite these challenges, the company confirmed its fiscal 2021 outlook, adjusting new store openings to 3-4.
FAQ
What is the current stock price of NATURAL GROCERS BY VITAMIN COTTAGE (NGVC)?
What is the market cap of NATURAL GROCERS BY VITAMIN COTTAGE (NGVC)?
What products does Natural Grocers by Vitamin Cottage offer?
What is Natural Grocers' {N}power program?
How does Natural Grocers support community initiatives?
Where is Natural Grocers headquartered?
How does Natural Grocers ensure product quality?
What recent awards has Natural Grocers received?
What financial performance did Natural Grocers report in the second quarter of fiscal 2024?
How many stores does Natural Grocers operate?
What kind of educational programs does Natural Grocers offer?
What is the Ladybug Love campaign?
