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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, Inc. (NYSE: NGVC) declared a quarterly cash dividend of $0.10 per common share. The dividend will be paid on June 19, 2024, to stockholders of record on June 3, 2024. Natural Grocers is a specialty retailer of natural and organic groceries, body care products, and dietary supplements, with strict quality standards. The company offers USDA certified organic produce, non-confinement dairy products, and free-range eggs in a shopper-friendly retail environment across 21 states.
Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) announced its second quarter fiscal 2024 results, showing an 8.8% increase in net sales to $308.1 million, daily average comparable store sales growth of 7.5%, net income of $8.0 million with diluted earnings per share of $0.35, and an adjusted EBITDA of $19.7 million. The company opened one new store and raised its fiscal 2024 outlook for daily average comparable store sales growth and diluted earnings per share due to strong sales growth, effective expense management, and operational leverage.
Natural Grocers is celebrating Mother's Day with discounts, freebies, a contest, and more, honoring co-founder Margaret Isely. The company, known for its organic and natural products, aims to empower healthier communities through nutrition education and accessible products. Customers can enjoy savings on gifts, groceries, books, and body care products, with special deals for {N}power members. The celebration includes recipes, nutritional education sessions, and a chance to win a $500 gift card.
Natural Grocers® is hosting its fourth annual Body Care & Beauty Bonanza from May 9-31, 2024, offering customers free samples and up to 30% off natural hygiene and beauty essentials. The event will feature prizes, education, and free beauty bags for the first 50 shoppers at each location. Natural Grocers' Body Care Standards prioritize health and environmental stewardship, with a focus on natural and organic products free from harmful ingredients. The event includes exclusive discounts for {N}power® members and emphasizes cleaner beauty and hygiene routines.
Natural Grocers® is celebrating Montana Day with a freebie and $5 off promotion from May 3-5, 2024. The family-operated grocer is offering Montana {N}power® members a free state-themed reusable bag and additional in-store savings. This event showcases the company's commitment to its Montana customers and highlights its expansion in the state since 2012.
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