Natural Grocers by Vitamin tage(NGVC)

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Natural Grocers® Announces Collaboration with Bitchin' Sauce to Benefit the Natural Grocers Heroes in Aprons Fund
Prnewswire· 2024-09-09 11:21
Through September 30, 2024, customers can give back to Natural Grocers' good4u Crew, while enjoying discounts on Bitchin' Sauce products and a delicious co-branded, gourmet pizza recipe LAKEWOOD, Colo., Sept. 9, 2024 /PRNewswire/ -- Natural Grocers®, the leading family-operated organic and natural grocery retailer in the U.S., is proud to announce a creative, collaborative, philanthropic project with the beloved brand, Bitchin' Sauce. This vegan brand which specializes in nut-based dips, got its start at fa ...
Natural Grocers® Invites Customers to Celebrate Organic Month, September 2024
Prnewswire· 2024-09-05 11:19
Core Points - Natural Grocers is celebrating Organic Month with various promotions, discounts, and educational opportunities from September 6 to September 30, 2024, culminating in special savings from September 12 to 14 [1][3][5] Group 1: Promotions and Discounts - Customers can enjoy savings of up to 55% on select organic products during the promotional period [7][8] - Special offers include discounts on Natural Grocers® Brand Organic Wood Fired Pizzas, Bitchin' Sauce, Steaz® Organic Antioxidant Brews, and Painterland SistersTM Organic Skyr Yogurt [5][6] - {N}power members will receive exclusive benefits such as a $5 off reward for purchases over $69, a free reusable shopping bag, and a chance to win discounts on produce purchases [8][9] Group 2: Community Engagement and Fundraising - Natural Grocers aims to raise $100,000 for the Rodale Institute through various fundraising initiatives, including donations for every reusable shopping bag and Ladybug Zip Pouch sold [11] - Customers can contribute directly to the Rodale Institute at checkout, with options to donate $1, $5, or $10 [11] Group 3: Educational Efforts - The company is providing educational resources to answer common questions about organic products and their benefits during Organic Month [12][13] - Events such as "Let's Taco 'Bout Organics!" will be held to promote the use of organic ingredients in cooking [13] Group 4: Company Background - Natural Grocers, founded in 1955, is a specialty retailer focused on natural and organic groceries, body care products, and dietary supplements, with strict quality guidelines [14] - The company operates 169 stores across 21 states and is committed to community engagement and employee welfare, having invested $15 million in employee compensation in fiscal year 2023 [14]
Natural Grocers® Announces New Partnership with Rodale Institute to Help Grow the Regenerative Organic Agriculture Movement
Prnewswire· 2024-09-03 11:27
Natural Grocers® is proud to announce a new partnership with Rodale Institute. Post this During Organic Month, customers will have an opportunity to support the retailer's goal of raising $100,000 for Rodale Institute with donations at the register and a portion of proceeds from the sales of themed reusable shopping bags. Additionally, Natural Grocers will focus its monthly community educational efforts, discounts, recipes and giveaways on the organic food movement and regenerative agriculture. NATURAL GROC ...
Plan a Good4u Labor Day with Natural Grocers®
Prnewswire· 2024-08-28 19:02
Customers can enjoy deals of up to 41% off August 30 – September 5, 2024 LAKEWOOD, Colo., Aug. 28, 2024 /PRNewswire/ -- Natural Grocers®, the largest family-operated organic and natural grocery retailer in the U.S., invites customers to celebrate a Natural Grocers good4u® Labor Day in a delicious and festive way with special deals, August 30 – September 5, 2024. LABOR DAY DEALS AT NATURAL GROCERS Enjoy end-of-summer flavors with easy, delicious recipes from Natural Grocers' top chefs and nutrition consultan ...
Natural Grocers® Hosts Hiring Event and Community Meet & Greet for New Store in Waco, TX
Prnewswire· 2024-08-28 18:08
Core Points - Natural Grocers plans to open a new store in Waco, Texas, this winter, with community events scheduled for September 10-12, 2024 [1][2] - The company emphasizes its commitment to community engagement and employment opportunities through a Meet & Greet and a Hiring Event [1][5] Event Information - The Meet & Greet event will take place on September 10, 2024, from 4:00 PM to 6:00 PM at the Courtyard Waco hotel [4] - The Hiring Event is scheduled for September 11-12, 2024, from 10:00 AM to 4:00 PM, also at the Courtyard Waco hotel [5][3] Available Positions - Positions available include Nutritional Health Coach at $21.00/hour, Vitamin Manager at $18.00/hour, and various assistant roles at $16.00/hour, with cashiers earning $15.00/hour [6] Company Culture & Benefits - Natural Grocers has a history of caring for employees since its establishment in 1955, currently employing over 4,000 Crew members across 169 stores in 21 states [7] - The company offers competitive pay, including a unique Vitamin Bucks program, birthday bonus pay, and discounts of up to 30% on products [7] - Comprehensive benefits for full-time employees include medical, dental, vision insurance, 401K savings plan, and extensive free nutrition education programs [7] Company Overview - Founded in 1955, Natural Grocers is a specialty retailer of natural and organic groceries, body care products, and dietary supplements, with strict quality guidelines for its products [9] - The company operates 169 stores in 21 states and is committed to its Five Founding Principles, including community and employee commitment [9]
Natural Grocers® Returns as Sponsor for the Colorado High School Cycling League in 2024
Prnewswire· 2024-08-28 15:35
Core Points - Natural Grocers is sponsoring the Colorado High School Cycling League for the 2024 season, continuing its commitment to community engagement and youth empowerment through sports [2][7]. Group 1: Company Overview - Natural Grocers, founded in 1955, operates 169 stores across 21 states, with 46 located in Colorado [8][12]. - The company is dedicated to providing 100% USDA-certified organic produce and exclusively pasture-raised, non-confinement dairy products, and free-range eggs [12]. - Natural Grocers emphasizes a "Commitment to Community" as one of its Five Founding Principles, which aligns with the values of the Colorado High School Cycling League [7][12]. Group 2: Colorado High School Cycling League - The Colorado High School Cycling League, established in 2009, is a nonprofit organization that promotes youth engagement through mountain bike racing [3][6]. - The league has grown significantly, with nearly 1,500 student-athletes from 88 teams participating in the inaugural race weekend of 2024 [4]. - In 2023, the league contributed 1,743 hours to local trail maintenance and had 390 girls, representing 23% of total racers, highlighting its inclusivity [4]. Group 3: Impact and Community Engagement - The partnership between Natural Grocers and the Colorado League aims to provide transformational experiences for youth and their families, fostering positive youth development [6][7]. - The Colorado League has expanded its influence beyond Colorado, impacting youth in New Mexico, Wyoming, and South Dakota [5]. - Natural Grocers offers free science-based Nutrition Education programs and health coaching, further supporting community health initiatives [9][12].
Natural Grocers by Vitamin tage(NGVC) - 2024 Q3 - Earnings Call Transcript
2024-08-10 14:40
Natural Grocers by Vitamin Cottage, Inc (NYSE:NGVC) Q3 2024 Results Conference Call August 8, 2024 4:30 PM ET Company Participants Jessica Thiessen - VP, Treasurer Kemper Isely - Co-President Todd Dissinger - Chief Financial Officer Operator Good day, ladies and gentlemen. Welcome to the Natural Grocers Third Quarter Fiscal Year 2024 Earnings Conference Call. [Operator Instructions] As a reminder, today's call is being recorded. [Operator Instructions] I'd now like to turn the conference over to Ms. Jessica ...
Natural Grocers® Celebrates Missouri Statehood Day with a Freebie and $5 Off, August 10-12, 2024
Prnewswire· 2024-08-09 19:20
Family-Operated Grocer offers Missouri {N}power® members a free state-themed Natural Grocers reusable bag and additional in-store savings LAKEWOOD, Colo., Aug. 9, 2024 /PRNewswire/ -- Natural Grocers®, the leading family-operated organic and natural grocery retailer in the U.S., invites customers to its Celebrate Missouri Statehood Day Event, August 10-12, at its seven Missouri stores. Customers are invited to celebrate Missouri Statehood Day with a free Natural Grocers reusable tote bag and a $5 off coupon ...
Natural Grocers by Vitamin tage(NGVC) - 2024 Q3 - Quarterly Results
2024-08-08 20:07
Exhibit 99.1 Natural Grocers by Vitamin Cottage Announces Third Quarter Fiscal 2024 Results Raises Fiscal 2024 Outlook Lakewood, Colorado, August 8, 2024. Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) today announced results for its third quarter of fiscal 2024 ended June 30, 2024. Highlights for Third Quarter Fiscal 2024 Compared to Third Quarter Fiscal 2023 ● Net sales increased 9.7% to $309.1 million; ● Daily average comparable store sales increased 7.2%, and increased 11.6% on a two-year basis; ...
Natural Grocers by Vitamin tage(NGVC) - 2024 Q3 - Quarterly Report
2024-08-08 20:05
Financial Performance - Net sales for the three months ended June 30, 2024, increased to $309,082,000, up 9.7% from $281,791,000 in the same period last year[12]. - Gross profit for the nine months ended June 30, 2024, was $269,448,000, representing a 11.1% increase compared to $242,586,000 for the same period in 2023[12]. - Operating income for the three months ended June 30, 2024, rose to $12,847,000, a 41.5% increase from $9,084,000 in the prior year[12]. - Net income for the nine months ended June 30, 2024, was $24,925,000, compared to $17,363,000 for the same period in 2023, reflecting a 43.7% increase[12]. - Basic net income per share for the three months ended June 30, 2024, was $0.40, up from $0.31 in the same period last year[12]. - Net income for the three months ended June 30, 2024, was $9.2 million, an increase of $2.1 million, or 30.2%, compared to $7.1 million for the same period in 2023[69]. - EBITDA for the three months ended June 30, 2024, was $20.7 million, an increase of $4.4 million, or 27.0%, compared to $16.3 million for the same period in 2023[70]. - Adjusted EBITDA for the three months ended June 30, 2024, was $22.2 million, an increase of $5.5 million, or 32.8%, compared to $16.7 million for the same period in 2023[72]. Cash Flow and Dividends - Cash provided by operating activities for the nine months ended June 30, 2024, was $49,280,000, compared to $36,159,000 for the same period in 2023, indicating a 36.3% increase[15]. - The company reported a cash dividend of $29,585,000 to stockholders during the nine months ended June 30, 2024, compared to $6,816,000 in the same period last year[15]. - The company paid a quarterly cash dividend of $0.10 per share in each of the first three quarters of fiscal years 2024 and 2023[43]. - The company is permitted to pay cash dividends to the holding company up to an aggregate amount not to exceed $15.0 million during any fiscal year, subject to certain conditions[129]. Stockholders' Equity and Debt - Total stockholders' equity as of June 30, 2024, was $167,802,000, an increase from $153,860,000 at the end of the previous fiscal year[16]. - The Company had $16.6 million outstanding under the Revolving Facility as of June 30, 2024, compared to no amounts outstanding as of September 30, 2023[37]. - The Company had $56.2 million available for borrowing under the Revolving Facility as of June 30, 2024, an increase from $48.5 million as of September 30, 2023[37]. - The Company incurred interest expense of $3,123,000 for the nine months ended June 30, 2024, compared to $2,478,000 for the same period in 2023[12]. - The effective income tax rate increased to 21.6% for the nine months ended June 30, 2024, from 19.1% for the same period in 2023, primarily due to lower food donation deductions[107]. Store Operations - As of June 30, 2023, the company operated 168 stores, an increase from 165 stores as of September 30, 2022[18]. - The company operated 168 stores across 21 states as of June 30, 2024, with plans to open four new stores and relocate/remodel five existing stores in fiscal year 2024[66][67]. - Daily average comparable store sales increased by 7.2% for the three months ended June 30, 2024, compared to the same period in 2023[69]. Expenses and Costs - Administrative expenses increased by $0.2 million, or 2.5%, to $9.5 million for the three months ended June 30, 2024, representing 3.1% of net sales[96]. - Interest expense, net of capitalized interest, was $1.1 million for the three months ended June 30, 2024, compared to $0.8 million for the same period in 2023[98]. - Pre-opening expenses increased to $1.3 million for the nine months ended June 30, 2024, compared to $1.1 million for the same period in 2023[107]. Lease and Asset Management - Total lease cost for the three months ended June 30, 2024, was $15,400, a slight decrease from $15,407 in the same period of 2023[48]. - Total lease cost for the nine months ended June 30, 2024, was $46,129, compared to $45,273 for the same period in 2023, reflecting an increase of 1.9%[48]. - The company recorded impairment charges of $0.4 million for the three months and $0.5 million for the nine months ended June 30, 2024, related to operating lease assets[51]. - The company had property and equipment net balances of $178,219 as of June 30, 2024, compared to $169,060 as of September 30, 2023[53]. Future Outlook - Future sales growth may vary due to increasing competitive conditions and economic factors, including inflationary or recessionary trends[79]. - The company aims to leverage costs and achieve economies of scale in sourcing products, although fixed costs may limit this ability[79]. - The company experienced annualized cost inflation of approximately 1% in the third quarter of fiscal year 2024, influenced by various macroeconomic factors[74]. Accounting and Compliance - The company has made estimates and assumptions that affect the reported amounts in its financial statements, which may differ from actual amounts[134]. - Critical accounting policies include accounting for income taxes, impairment of long-lived assets, and leases, which significantly impact financial statement preparation[135]. - The company was in compliance with all covenants under the Credit Facility as of June 30, 2024[130].