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 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 ...

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 ...

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; ...

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].

NATURAL GROCERS THEN & NOW Natural Grocers has been serving communities with a wide range of natural and organic grocery options and premium-quality supplements since 1955. Almost 70 years later, Natural Grocers continues to adhere to its Five Founding Principles: Quality, Always AffordableSM Pricing, Nutrition Education, Community and Crew. The company celebrates its birthday each August since it's the birth month of co-founder, Margaret Isely. "As we celebrate our 69th Anniversary, we'd like to remember t ...

LAKEWOOD, Colo., July 25, 2024 /PRNewswire/ -- Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) today announced that the Company will release its third quarter fiscal year 2024 financial results after the market close on Thursday, August 8, 2024. Following the release via the wire services, the Company will host a conference call with financial analysts and investors at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time). To participate in the conference call, dial 1-888-347-6606 (U.S.); 1-855-669-9657 (C ...

Company will offer a fun, educational nutrition class geared towards kids, emphasizing children's health and nutrition, just in time for the back-to-school season Founded in 1955, Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is an expanding specialty retailer of natural and organic groceries, body care products, and dietary supplements. The products sold by Natural Grocers must meet strict quality guidelines and may not contain artificial colors, flavors, preservatives or sweeteners, or partially h ...

Natural Grocers adds two new varieties of electrolyte sports supplements to the company's premium quality house brand. Post this NATURAL GROCERS BRAND ELECTROLYTE SUPPLEMENTS The new private label electrolytes are GMP (Good Manufacturing Practices) third-party certified to ensure purity, potency and overall quality and have certificates of analysis verified for authenticity of ingredients. Raquel Isely, Vice President of Marketing at Natural Grocers states, "With over 5000 SKUs, Natural Grocers has the larg ...

Post this Grand Opening festivities at the new Incline Village location start on July 31. They will include a Natural Grocers gift card (varying amounts between $5 - $500) for the 150 customers and a free hand-crafted, Ecuadorian poncho for the first 250 customers. Grand Opening festivities at the new Incline Village location start on July 31. They will include a Natural Grocers gift card (varying amounts between $5 - $500) for the 150 customers and a free hand-crafted, Ecuadorian poncho for the first 250 c ...