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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 the expansion of its free Nutrition Education program to a virtual format, ensuring community health support during the COVID-19 pandemic. Starting October 7, 2020, customers can access weekly classes focused on health, nutrition, and wellness every Wednesday at 6:00 p.m. MDT. The program includes sessions led by guest experts on topics such as food waste reduction, traditional diets, and immune health. Additionally, personalized Nutritional Health Coaching Sessions are now offered virtually, allowing customers to receive tailored health guidance.
Natural Grocers, the largest family-operated natural grocery retailer in the U.S., is expanding its Cottage Wine and Craft Beer shop to Klamath Falls, OR. The new selection features organic and biodynamic wines and local craft beers, adhering to high-quality standards. To celebrate, customers will receive a 25% discount store-wide from October 5 to 11, 2020. This addition aims to provide a one-stop shopping experience for health-conscious consumers, with an emphasis on organic and gluten-free options. The store will stock a variety of local and organic products.
Natural Grocers is relocating its Rio Rancho store to 921 Pat D'Arco Hwy, NM, on August 27, 2020. The new location is larger and aims to provide an enhanced selection of fresh, organic produce and groceries at affordable prices. The store will celebrate its opening with specials from August 27 to September 30, featuring discounts on organic items. Although the grand reopening event has been postponed due to COVID-19, customers can still expect the same high standards of service and product quality. The new store incorporates energy-saving practices and maintains its commitment to customer health.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) has elected David C. Rooney to its board of directors, filling the vacancy left by Michael T. Campbell's retirement on August 5, 2020. Rooney, a recent audit partner at Deloitte, brings extensive financial and auditing expertise, which the company believes will strengthen board leadership. His term will continue until the 2023 annual meeting of stockholders. This move reflects effective succession planning within the company, aimed at maintaining a robust governance structure.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) has announced a quarterly cash dividend of $0.07 per share, set for payment on September 15, 2020. This dividend will benefit all shareholders on record by August 31, 2020. The company is recognized for its commitment to quality, offering only USDA certified organic produce and pasture-raised products. Operating 159 stores across 20 states, Natural Grocers continues to expand its footprint while providing nutrition education to customers.
Natural Grocers by Vitamin Cottage reported strong Q3 2020 results, with net sales up 18.1% to $265.1 million and net income rising 134.8% to $4.7 million. Daily average comparable store sales rose 15.5%, with a significant increase in transaction size despite a drop in transaction count. Operating income surged 74.3% to $6.7 million, and EBITDA climbed 32.2% to $14.6 million. The company opened two new stores, maintaining growth momentum, and declared a quarterly dividend of $0.07. Fiscal 2020 outlook was updated, anticipating further store openings and ongoing sales growth.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) will announce its third quarter fiscal 2020 financial results on August 6, 2020, after market close. A conference call is scheduled for 2:30 p.m. MT (4:30 p.m. ET) to discuss the results with analysts and investors. Participants can join by dialing 1-888-347-6606 for the U.S. Audience. The call will also be available via webcast on the company’s Investor Relations page.
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