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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.
Natural Grocers by Vitamin Cottage (NGVC) reported a 6.6% decline in net sales for Q2 FY 2021, totaling $259.2 million, compared to the same period in FY 2020. Daily average comparable store sales fell 7.0%, influenced by severe weather and challenging year-over-year comparisons due to pandemic-related sales spikes. Operating income decreased 49.4% to $6.7 million, with diluted earnings per share at $0.21. Despite these challenges, the company confirmed its fiscal 2021 outlook, adjusting new store openings to 3-4.
Natural Grocers by Vitamin Cottage, the largest family-operated natural grocery retailer in the U.S., has launched an expanded line of Natural Grocers Brand Vitamins & Supplements. This new range includes over 100 products composed of vitamins, herbs, minerals, and precision formulas, ensuring high quality while remaining accessible in price. To celebrate the launch, the company is offering a 25% discount for {N}power loyalty program members throughout May. All products adhere to rigorous third-party certified Good Manufacturing Practices, underscoring the brand's commitment to quality and customer trust.
Natural Grocers by Vitamin Cottage (NYSE: NGVC) is set to release its second quarter fiscal year 2021 financial results after market close on May 6, 2021. A conference call for investors will follow at 2:30 PM MT (4:30 PM ET). Participants can call 1-800-670-8680 in the U.S. or 1-303-223-4396 internationally, with conference ID 21993602. The conference call will be available via webcast on the Investor Relations section of the company’s website, and an audio recording will be archived for 30 days.
Natural Grocers will reopen its Pueblo, CO store on May 6, 2021, after relocating just steps away. The new store will be over 30% larger, featuring a modern layout, improved checkout, and a Nutrition Education Center. Customers can expect broader product selections including organic produce and dietary supplements. A grand reopening celebration will include giveaways, discounts, and a chance to win prizes. The store has implemented sustainable features and enhanced COVID-19 safety measures.
Natural Grocers is set to reopen its Preston & Forest location in Dallas, TX on March 31, 2021, with a store that is 40% larger than before. The remodel introduces a modernized shopping experience, enhanced checkout efficiency, and a new Nutrition Education Center. Features like eco-friendly building upgrades and 100% LED lighting reflect its commitment to sustainability. The grand reopening will include giveaways, discounts, and special events for customers.
Natural Grocers initiated disaster relief efforts in Texas following severe winter storms in February 2021. The company provided free water and launched a Severe Weather Pay program for its Texas Crew to ensure financial support during store closures. They raised over $108,000 for local hunger relief through customer donations. With 25 stores in Texas, the retailer reaffirmed its commitment to community support and sustainability, emphasizing access to quality organic products.
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Natural Grocers announces the opening of its new store in Jefferson City, MO on March 3, 2021, marking its sixth location in Missouri. The store will offer fresh, organic produce, sustainably raised meats, and more at affordable prices. To celebrate the opening, the first 100 customers will receive complimentary cooler bags with ingredients for gluten-free pancakes. Customers can also enjoy grand opening specials on various products throughout March. The store features a free Nutritional Health Coach to support community health and wellness.
Natural Grocers is providing free filtered water to residents of Lafayette, LA due to adverse weather conditions causing boil water orders. This initiative runs from February 19 to February 23, 2021, allowing residents to collect up to two gallons of water. The store's reverse osmosis system offers safe water without the need for boiling, filtering out various impurities. Customers must bring their containers to fill up. Natural Grocers operates 160 stores nationwide and emphasizes quality natural products.
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