Natural Grocers By Vitamin Cot Stock Price, News & Analysis

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.

Natural Grocers has mandated that all customers aged 10 and older must wear face coverings while shopping, aligning with local ordinances and CDC recommendations. This policy aims to enhance safety amid rising COVID-19 cases and comes alongside existing measures like social distancing and sanitation protocols. The company will provide free masks as supplies allow. The mandate applies across all 159 stores in 20 states, ensuring uniformity in safety practices. The initiative underscores the retailer's commitment to maintaining the health of customers and its employees while continuing to offer essential organic groceries.