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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 good4u Meal Deal program, designed to provide affordable, nutritious meals, in line with its commitment to combat food insecurity. Introduced in April 2020, this program offers meals for families at competitive prices, including a Grilled Chicken Meal for under $13 and a Frittata Meal for under $12. The initiative reflects the company's mission to make healthy eating accessible for all. The program will run through October 31, 2021, with a variety of meal options available to members of its {N}power loyalty program.
Natural Grocers has pledged to participate in the Better Chicken Commitment (BCC) to enhance broiler chicken welfare. Currently, 90% of their chicken products meet BCC standards, with plans to transition the remaining 10% by 2026. The company emphasizes animal welfare as a core value, requiring enriched living conditions, prohibiting antibiotics and hormones, and ensuring humane processing methods. Natural Grocers aims to lead the initiative for more humane and sustainable broiler chicken farming, which aligns with their strict product standards.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) has declared a quarterly cash dividend of $0.07 per share of common stock. This dividend will be paid on September 15, 2021, to stockholders of record as of the close of business on August 30, 2021. The company, which prides itself on selling natural and organic products, operates 161 stores across 20 states. This dividend reflects the company’s commitment to returning value to shareholders amid its ongoing growth strategy.
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.
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