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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 announces the opening of its new store in Jefferson City, MO on March 3, 2021, marking its sixth location in Missouri. The store will offer fresh, organic produce, sustainably raised meats, and more at affordable prices. To celebrate the opening, the first 100 customers will receive complimentary cooler bags with ingredients for gluten-free pancakes. Customers can also enjoy grand opening specials on various products throughout March. The store features a free Nutritional Health Coach to support community health and wellness.
Natural Grocers is providing free filtered water to residents of Lafayette, LA due to adverse weather conditions causing boil water orders. This initiative runs from February 19 to February 23, 2021, allowing residents to collect up to two gallons of water. The store's reverse osmosis system offers safe water without the need for boiling, filtering out various impurities. Customers must bring their containers to fill up. Natural Grocers operates 160 stores nationwide and emphasizes quality natural products.
Natural Grocers is providing free filtered water to Texas residents from February 17 to 23, 2021, due to severe winter storms causing water service disruptions. Customers can fill their containers at Natural Grocers' reverse osmosis water filtration machines, ensuring safe drinking water without the need for boiling. The first five gallons are free, and additional gallons cost 25 cents each. Currently, the Corpus Christi location is unable to participate. For store locations, residents can visit Natural Grocers' website.
Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) has declared a quarterly cash dividend of $0.07 per share, set to be paid on March 17, 2021, to shareholders of record by March 1, 2021. This announcement reflects the company's commitment to returning value to its investors. Founded in 1955, Natural Grocers specializes in organic groceries and maintains strict quality guidelines for its products. With 160 stores across 20 states, Natural Grocers emphasizes affordability and customer education in health and nutrition.
Natural Grocers by Vitamin Cottage (NGVC) reported strong Q1 fiscal 2021 results, showing a 15.2% increase in net sales to $265.0 million and a 94.4% rise in net income to $3.6 million with diluted EPS of $0.16. Comparable store sales rose 12.7%, while operating income surged 82.7% to $5.2 million. Despite increased expenses, gross profit grew 20.7% to $73.0 million, leading to a gross margin of 27.6%. The company confirmed an outlook for 5-6 new stores and diluted EPS of $0.60 to $0.70 for fiscal 2021.
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