Natural Grocers by Vitamin Cottage, Inc. reports developments tied to its specialty retail model for natural and organic groceries, dietary supplements and body care products. Company news commonly covers quarterly earnings, gross margin and store-cost trends, cash dividends, store openings in new and existing markets, and customer programs such as {N}power® promotions.
Updates also address Natural Grocers' product standards, including USDA certified organic produce, pasture-raised dairy products, free-range eggs, private-label additions under Natural Grocers Brand, and free science-based nutrition education programs. The company was founded in 1955 and operates a smaller-store format for natural and organic retailing.
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Natural Grocers by Vitamin Cottage (NYSE: NGVC) declared a quarterly cash dividend of $0.10 per share, payable on March 16, 2022. Shareholders on record by the close of business on February 28, 2022 will receive the dividend. The company operates 162 stores across 20 states, focusing on natural and organic groceries, body care, and supplements. It adheres to strict quality guidelines, offering only USDA certified organic produce and pasture-raised dairy products. Founded in 1955, Natural Grocers emphasizes nutrition education for its customers.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) reported a strong first quarter for fiscal 2022, with net sales of $277.3 million, a 4.6% increase year-over-year. Daily average comparable store sales rose 3.8%, while net income soared 145.5% to $8.9 million, translating to $0.39 in diluted EPS. Adjusted EBITDA climbed 44.7% to $19.5 million. Although the company faces ongoing challenges related to the COVID-19 pandemic, it confirms its fiscal 2022 outlook, anticipating diluted EPS between $0.75 and $0.87.
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Natural Grocers by Vitamin Cottage announced plans to close its downtown Salt Lake City store by March 31, 2022, following a review of the store's performance. The closure will initiate a store closing sale on February 14th, with 25% off all products. The company assures customers that its nearby Sugar House store will remain operational and continue to serve the market. This is Natural Grocers' first store closure in Utah, and there are currently no plans for additional closures. The company will assist affected employees with transfers or severance packages, including health benefits through June 2022.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) has released its inaugural Environmental, Social, and Governance (ESG) Report. The report highlights the company's commitment to high product standards that support human and environmental health, such as selling only free-range eggs and 100% pasture-based dairy products. Natural Grocers aims to inspire industry peers with its sustainability practices while maintaining affordable prices. The report can be accessed through the Investor Relations section of their website.
Natural Grocers is hosting its 2nd annual Body Care & Beauty Bonanza from January 28 to February 26, 2022, emphasizing detoxifying beauty routines. Customers can save up to 30% on various natural beauty products and enjoy free samples. The initiative features over 150 brands compliant with high-quality standards to eliminate harmful ingredients. The event also includes giveaways, contests, and educational programs aimed at promoting cleaner personal care habits, highlighting the company's commitment to health and sustainability.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) will release its first quarter fiscal year 2022 financial results on February 3, 2022, after market close. A conference call for investors will follow at 2:30 p.m. MT (4:30 p.m. ET). Participants can join by dialing specific numbers provided in the release. Investors can also access a webcast of the call via the company’s Investor Relations website. Natural Grocers is recognized for its commitment to natural and organic products, featuring a strict quality guideline for its offerings.
Natural Grocers is launching the 21 Days to a Healthier You series, running from January 24 to February 13, 2022. This free program, part of its Nutrition Education initiative, aims to empower participants towards better health through in-person and virtual classes led by Nutritional Health Coaches. Attendees will receive a $5 coupon per class and a customized coupon book. The program includes three key steps: improving diet, managing sugar cravings, and detoxifying home & body.