ABOUT NATURAL GROCERS CYCLING Natural Grocers Cycling has been a living, pedaling extension of the Company's founding principles since 1987. The squad has a broad range of riders, encompassing all disciplines of cycling. With over 100 members, you'll spot these riders on the trails, the roads, volunteering at events and, of course, at Natural Grocers stores all around the country to support healthy living on and off the bike. Natural Grocers Cycling is interested in growing the cycling communities in which ...

THE HISTORY OF READY. SET. CO "At Natural Grocers, we are dedicated to supporting the health and wellness of our communities. Partnering with UCHealth for the Ready. Set. CO. program is a perfect alignment with our mission to provide access to high-quality, affordable nutrition and promote healthy living," said Raquel Isely, Vice President of Natural Grocers. "We are delighted to renew our partnership commitment. We're proud to be included in this amazing group of partners, each invested in the health and w ...

Financial Data and Key Metrics Changes - Net sales increased by 8.8% year-over-year to $308.1 million, with daily average comparable store sales rising by 7.5% and 10.2% on a two-year basis [34][21] - Diluted earnings per share increased by 34.6% to $0.35, compared to $0.26 in the same quarter last year [26][21] - Gross margin improved by 20 basis points to 29.3%, driven by store occupancy cost leverage, despite lower product margins due to a reduced supplement sales mix [25][21] Business Line Data and Key Metrics Changes - Daily average transaction size increased by 3.9%, with half attributed to an increase in items per basket and the other half to product cost inflation [34][10] - Strong sales growth was observed across all product categories, particularly in meat, dairy, and body care, while dietary supplement sales comp was in the low single digits [10][21] Market Data and Key Metrics Changes - The company reported a 78% net sales penetration from its loyalty program, up from 76% a year ago, indicating effective customer engagement [8][28] - The annualized cost inflation for the second quarter was approximately 2%, down 1 percentage point from the previous quarter [34] Company Strategy and Development Direction - The company emphasizes a differentiated business model focusing on high product standards, affordable pricing, and free science-based nutrition education, which resonates with health-conscious consumers [7][27] - Future plans include opening four to six new stores and relocating or remodeling four to six stores, with a capital expenditure budget of $30 million to $39 million [39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to drive growth and enhance stakeholder value, citing strong sales momentum and effective expense management [17][21] - The outlook anticipates a moderation in daily average comparable store sales growth in the second half of the year due to cycling stronger comps from the previous year [39] Other Important Information - The company ended the quarter with $11 million in cash and cash equivalents and generated $36.8 million in cash from operations [12] - Store expenses increased by 6.2%, primarily due to higher compensation expenses, but as a percentage of sales, they decreased by 50 basis points [11] Q&A Session Summary Question: What do you attribute your success to with your strong comp? - The company attributes its success to effective communication with customers through its loyalty program, which drives shopping frequency and increases basket size [28] Question: Do you feel Ozempic is impacting your business? - Management noted that all categories are performing well in new stores, with strong community engagement contributing to success [29][30]

LAKEWOOD, Colo., May 9, 2024 /PRNewswire/ -- Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) today announced that the Company's Board of Directors has declared a quarterly cash dividend of $0.10 per common share. The dividend will be paid on June 19, 2024 to all stockholders of record at the close of business on June 3, 2024. About Natural Grocers by Vitamin Cottage  Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is an expanding specialty retailer of natural and organic groceries, body care pro ...

Exhibit 99.1 Natural Grocers by Vitamin Cottage Announces Second Quarter Fiscal 2024 Results Raises Fiscal 2024 Outlook Lakewood, Colorado, May 9, 2024. Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) today announced results for its second quarter of fiscal 2024 ended March 31, 2024. Highlights for Second Quarter Fiscal 2024 Compared to Second Quarter Fiscal 2023 "Second quarter results were outstanding as we delivered record quarterly sales, margin expansion, and significant earnings growth. Daily av ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 001-35608 Natural Grocers by Vitamin Cottage, Inc. (Exact name of registrant as specified in its charter) Delaware 45-5034161 (State or other jurisdiction of ...

Enjoy discounts, freebies, a contest and more from the Company that has celebrated mothers and remarkable women since 1955.LAKEWOOD, Colo., May 9, 2024 /PRNewswire/ -- The month of May is for moms at Natural Grocers®. The leading family-operated organic and natural grocery retailer in the U.S., treasures those we call mom—those who gave birth to us and those who fill that role regardless of the biology. Why limit the celebration of these multi-dimensional remarkable humans to just one day? Natural Grocers w ...

Company offers customers free body care and beauty samples and up to 30% off best-in-class natural hygiene and beauty essentialsLAKEWOOD, Colo., May 8, 2024 /PRNewswire/ -- "Spring cleaning" can apply to more than just floors, windows and closets. Natural Grocers®, the leading family-operated organic and natural grocery retailer in the U.S., is urging customers to do a little "spring cleaning" with their personal care regimen with its fourth annual Body Care & Beauty Bonanza. Customers can easily establish ...

Donate $1, $5, or $10 at the register. These funds will go to the American Red Cross, and its ongoing tornado relief efforts. All Natural Grocers Stores in Participating States: Iowa, Kansas, Nebraska and Oklahoma. Visit www.naturalgrocers.com/storefinder to find the nearest participating store near you. COMMITMENT TO COMMUNITYOne of the Company's founding principles is a "Commitment to Community." In the decades since its inception, Natural Grocers has developed enduring partnerships with various chariti ...

Family-Operated Grocer offers Montana {N}power® members a free state-themed Natural Grocers reusable bag and additional in-store savingsLAKEWOOD, Colo., May 1, 2024 /PRNewswire/ -- Natural Grocers®, the leading family-operated organic and natural grocery retailer in the U.S., invites customers to its first annual Celebrate Montana Event, May 3-5, at its four Montana stores. Natural Grocers is proud to celebrate Montana Day with a free Natural Grocers reusable tote bag and a $5 off coupon for in-store purcha ...