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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 (NYSE: NGVC) reported strong Q3 fiscal 2024 results, with net sales increasing 9.7% to $309.1 million. The company experienced a 7.2% increase in daily average comparable store sales, driven by a 4.7% rise in transaction count and a 2.4% increase in transaction size. Operating income surged 41.4% to $12.8 million, while net income grew 30.2% to $9.2 million. Diluted earnings per share reached $0.40.
Based on these robust results, Natural Grocers has raised its fiscal 2024 outlook, projecting daily average comparable store sales growth of 6.0% to 7.0% and diluted earnings per share between $1.27 and $1.34. The company also declared a quarterly cash dividend of $0.10 per common share, payable on September 18, 2024.
Natural Grocers, the largest family-operated organic and natural grocery retailer in the U.S., is celebrating its 69th Anniversary with a three-day event from August 15-17, 2024. The celebration features:
- Epic Savings of up to 53% off on over 500 products
- Free snow cones, popcorn, and other treats
- A chance to win over $126,000 in prizes, including a Tesla Model Y or $47,000 cash
- -edition Pecan Caramel Pie flavored coffee
- Exclusive {N}power member giveaways and specials
The company, founded in 1955, continues to adhere to its Five Founding Principles and now operates 169 stores in 21 states. Natural Grocers will also donate 1% of all sales on August 15 to the Heroes in Aprons Fund, supporting crew members during times of hardship.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) has announced its upcoming third quarter fiscal year 2024 earnings conference call and webcast. The company will release its financial results on Thursday, August 8, 2024, after the market close. Following this, a conference call with financial analysts and investors will be held at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time).
Participants can join the call by dialing 1-888-347-6606 (U.S.), 1-855-669-9657 (Canada), or 1-412-902-4289 (International), using the conference ID 'Natural Grocers Q3 FY 2024 Earnings Call'. The webcast will be accessible via the company's Investor Relations website. An audio recording of the call will be archived on the website for at least 20 days.
Natural Grocers, the largest family-operated organic and natural grocery retailer in the US, has announced a partnership with the Foundation for Fresh Produce to offer 'Nutrition 4 the Win' classes at select locations from August 19-31, 2024. This free, educational nutrition class is designed for kids and parents, focusing on how fruits and vegetables fuel growing bodies and minds.
The class, led by Nutritional Health Coaches, will include activities such as making and sampling healthy foods, emphasizing eating a rainbow of fruits and vegetables. Participants will receive a $5 off $25 coupon for use at any Natural Grocers location. This initiative aligns with Natural Grocers' commitment to organic produce, being the only large grocery chain offering 100% USDA certified organic produce.
Natural Grocers, America's largest family-operated organic and natural grocery retailer, has expanded its house brand sports supplement line with two new electrolyte products. The new offerings include Natural Grocers Brand Electrolytes in powder and capsule formats, available at the company's Always Affordable Prices. Both products are GMP third-party certified and support hydration, muscle function, and physical performance.
The electrolyte powder comes in a 4 oz. container with 60 servings, priced at $14.49. The capsules are available in a 90-count bottle with 45 servings, priced at $15.99. These additions demonstrate Natural Grocers' commitment to expanding its private label line, which now includes over 800 high-quality products.
Natural Grocers, the leading family-operated organic and natural grocery retailer in the U.S., announces the grand opening of its new store in Incline Village, NV on July 31, 2024. This will be the company's fourth store in Nevada, located at 873 Tahoe Blvd. The grand opening celebration includes:
- A $2,500 donation to the Food Bank of Northern Nevada
- Mystery gift cards for the first 150 customers
- Free hand-crafted ponchos for the first 250 shoppers
- Up to 50% off on premium products
- Grand opening sweepstakes with prizes like an Aventon e-bike
The store will feature Natural Grocers' signature offerings, including 100% organic produce, high-quality supplements, and eco-friendly practices. The company is partnering with the Food Bank of Northern Nevada through its 'Bring Your Own Bag Program' to support local hunger relief efforts.
Natural Grocers, America's largest family-operated organic and natural grocery retailer, has expressed support for the FDA's recent decision to ban brominated vegetable oil (BVO) in food. The company, which has never carried products containing BVO, emphasizes its commitment to quality products and consumer health. The FDA's ruling, effective August 2, 2024, comes after studies conducted with the NIH revealed potential adverse health effects in humans.
Natural Grocers' Executive VP, Heather Isely, highlighted the company's long-standing stance against problematic ingredients like BVO, which are often used to increase shelf life and aid in producing processed foods. The company maintains a dynamic list of ingredients it won't carry, reflecting its dedication to offering nutritionally sound and environmentally responsible products.
Natural Grocers, the leading family-operated organic and natural grocery retailer in the U.S., is celebrating Pioneer Day with its second annual Celebrate Utah Event from July 24-26, 2024. The event offers {N}power members a free state-themed reusable bag and a $5 off coupon for in-store purchases at its eight Utah locations.
Natural Grocers expanded to Utah in 2009 and now operates stores in St. George, Logan, Bountiful, Salt Lake City, Ogden, Heber City, South Jordan, and Cedar City. The company emphasizes its commitment to organic practices, premium quality products, affordable prices, and excellent customer service.
The celebration also highlights Natural Grocers' dedication to its approximately 175 Utah Crew members, offering career opportunities with benefits focused on physical, emotional, and financial well-being. Customers can join the free {N}power rewards program to access exclusive discounts and earn points on purchases.
Natural Grocers®, the largest family-operated organic and natural grocery retailer in the U.S., is hosting a 'Splash into Savings' event from July 11 to July 13, 2024. Shoppers can enjoy discounts of up to 52% on select items, such as Love Corn® Corn Snacks, Cosmic Bliss® Organic Coconut Milk Ice Creams, and Alba Botanica® Suncare Products. A special Splash Buddy Scavenger Hunt will be held on July 13, offering participants a chance to win up to a $50 gift card. Additionally, throughout the month, {N}power® members can participate in sweepstakes and earn rewards, including a chance to win a trip to Niagara Falls. The event will take place across all 168 Natural Grocers stores nationwide.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) announced the retirement of CFO Todd Dissinger, effective December 31, 2024. Dissinger will remain in his role until a successor is appointed to ensure a smooth transition. The company will partner with an executive recruiting firm to find his replacement. Dissinger has been with the company since December 2017, contributing to its financial growth and shareholder value. Chairman Kemper Isely expressed gratitude for Dissinger's service and leadership. Dissinger also expressed his appreciation for the company and its mission, confident that Natural Grocers has a bright future ahead.
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