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NGVC

Natural Grocers by Vitamin CottageB
NYSE / Consumer Staples Distribution & Retail
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2026-06-02
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2026-05-15
Investor release

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Earnings documents stored for NGVC.

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Investor releaseQuarter not tagged2026-05-15

NGVC's Q2 Earnings Rise Y/Y on Loyalty Program Growth, Stock Up 4%

Zacks

Shares of Natural Grocers by Vitamin Cottage, Inc. NGVC have gained 3.6% since the company reported earnings for the quarter ended March 31, 2026, outperforming the S&P 500 index’s 1.1% increase over the same period. Over the past month, however, the stock rose 6.4%, slightly trailing the S&P 500’s 6.8% advance. Natural Grocers reported second-quarter fiscal 2026 earnings per share of 58 cents, which rose from 56 cents a year earlier. Net sales of $337.4 million denoted a 0.5% rise from $335.8 million in the year-ago quarter, driven by gains in comparable store sales and contributions from new stores. Daily average comparable store sales also increased 0.5%, while net income climbed 2.5% to $13.4 million. Adjusted EBITDA increased 4% to $27.4 million, reflecting disciplined expense management and improved operating efficiency. Natural Grocers by Vitamin Cottage, Inc. price-consensus-eps-surprise-chart | Natural Grocers by Vitamin Cottage, Inc. Quote Comparable sales growth was supported by a 1.6% increase in average transaction size, partly offset by a 1.1% decline in transaction count. On a two-year basis, comparable sales increased 9.4%, which management said continued to outpace broader grocery industry trends. Dairy, produce and meat remained the strongest-performing categories during the quarter. Gross profit rose to $102.4 million from $101.7 million in the prior-year quarter, while gross margin expanded 10 basis points to 30.4%. Management attributed the improvement primarily to lower occupancy costs as a percentage of sales and stable product margins, including inventory shrink. Store expenses declined 1.6% to $71.6 million due to expense management initiatives, lowering store expenses as a percentage of net sales to 21.2% from 21.7%. Administrative expenses increased 10% to $12.1 million, largely due to higher technology-related spending associated with the company’s enterprise resource planning (ERP) system upgrade. Despite those higher costs, operating income increased 3.1% to $18.1 million, and operating margin improved to 5.4% from 5.2% a year earlier. Management characterized the quarter as resilient despite a challenging consumer backdrop. Co-president Kemper Isely said the company benefited from strong store-level execution and value-focused positioning in natural and organic grocery retail. On the earnings call, he noted that consumers conti...

Investor releaseQuarter not tagged2026-05-13

Natural Grocers by Vitamin Cottage Q2 Earnings Call Highlights

MarketBeat

Interested in Natural Grocers by Vitamin Cottage, Inc.? Here are five stocks we like better. Natural Grocers posted modest second-quarter gains, with net sales up 0.5% to $337.4 million and diluted EPS rising to $0.58, helped by disciplined expense control and a higher gross margin. Comparable sales increased just 0.5% as a larger basket size offset fewer transactions, while management said cautious, value-focused consumer behavior continued to pressure traffic among less loyal shoppers. The company completed a major ERP system upgrade and kept its store expansion plan intact, targeting six to eight new stores in fiscal 2026, while narrowing comparable-sales guidance and raising the low end of its full-year EPS outlook to $2.07-$2.15. Analysts' Top 3 Retail Picks Gearing Up for a Strong 2025 Natural Grocers by Vitamin Cottage (NYSE:NGVC) reported modest sales growth and higher earnings for its fiscal second quarter, as management said disciplined expense controls and store execution helped offset a more cautious consumer environment. On the company’s earnings call, Chairman and Co-President Kemper Isely said Natural Grocers “performed well in a challenging environment,” with diluted earnings per share rising 3.6% despite softer comparable sales growth against a difficult prior-year comparison. Comparable store sales increased 0.5% in the quarter, following an 8.9% comp in the same period last year. Isely said the company’s two-year comparable sales growth of 9.4% demonstrated “solid growth relative to the broader grocery retail industry.” → Rocket Lab Just Hit a New All-Time High—Time to Buy or Let It Breathe? Management attributed the slower near-term sales trend to continued economic uncertainty and value-focused shopping behavior across grocery retail. Isely said Natural Grocers continues to position itself as “the value option in natural and organic grocery retail,” pointing to its “always affordable” pricing strategy and promotional campaigns featuring staple products and the company’s private-label Natural Grocers brand. Chief Financial Officer Richard Hallé said net sales increased 0.5% year over year to $337.4 million. Daily average comparable store sales also rose 0.5%, driven by a 1.6% increase in basket size, partly offset by a 1.1% decline in transaction count. → MercadoLibre Boldly Invests in Growth: Discount Deepens Hallé said the basket comp i...

Investor releaseQuarter not tagged2026-05-10

Natural Grocers (NGVC) Q2 2026 Earnings Transcript

Motley Fool

Image source: The Motley Fool. Thursday, May 7, 2026 at 4:30 p.m. ET Co-President — Kemper Isely Chief Financial Officer — Richard Hallé Kemper Isely: Thank you, Jessica, and good afternoon, everyone. During today's call, I will provide an overview of our financial results and highlight progress on initiatives driving long-term value creation. Then Rich will discuss the second quarter results in greater detail and review our fiscal year guidance. We performed well in a challenging environment, driven by strong store-level execution and disciplined expense management, delivering diluted earnings per share growth of 3.6%. There are a few underlying trends I want to highlight. In the second quarter, comparable store sales increased 0.5% while cycling an 8.9% comp last year. On a 2-year basis, comps of 9.4% continued to demonstrate solid growth relative to the broader grocery retail industry. We believe the second quarter sales trends reflected continued economic uncertainty and value-seeking consumer spending behaviors observed broadly across the grocery retail sector. Furthermore, in the second quarter, we continued to see strong membership gains in our {N}power rewards program and net sales penetration increased 3 percentage points to 84%, highlighting our customers' appreciation for the program's value and benefits. {N}power remains an effective tool for optimizing promotional activity and strengthening customer engagement. Natural Grocers is the value option in natural and organic grocery retail. Our marketing and communications continue to feature our always-affordable prices, including the even more affordable campaign, which highlights a rotating assortment of staples, including our Natural Grocers brand products. We believe the consumer prioritization of health and wellness, including food and nutrition, is growing and enduring. Our differentiated natural and organic offering, supported by rigorous standards and our always-affordable pricing strategy continues to deliver strong value and reinforce our competitive positioning. Next, I will highlight an important milestone, which is consistent with management's long-term focus. During the second quarter, we successfully completed a major upgrade to our enterprise resource planning system. The ERP platform supports the majority of our functional areas, making this the most comprehensive systems implementat...

Investor releaseQuarter not tagged2026-05-08

Natural Grocers by Vitamin Cottage, Inc. Q2 2026 Earnings Call Summary

Moby

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance was characterized by a 0.5% comparable store sales increase, which management views as solid given the difficult comparison against an 8.9% comp in the prior year. Management attributes the current sales environment to continued economic uncertainty and value-seeking behaviors observed across the broader grocery retail sector. The {N}power rewards program reached 84% sales penetration, serving as a critical tool for optimizing promotional activity and maintaining engagement with loyal customers. The company successfully completed its most comprehensive ERP system upgrade to date, intended to enhance operational efficiency and provide a scalable foundation for data analytics. Natural Grocers is positioning itself as the 'value option' in the organic space, utilizing the 'Even More Affordable' campaign to highlight staples and private label products. Growth in differentiated categories like dairy, produce, and meat continues to outpace other segments, reinforcing the company's specialized market position. Private label penetration increased 120 basis points to 9.8% of total sales, reflecting consumer shifts toward the company's internal brand for better value. Management expects second-half sales comps to range between 2% and 4%, with the third quarter at the lower end due to strong prior-year comparisons. The company is targeting a 4% to 5% annual new store unit growth rate for the foreseeable future, with 6 to 8 new stores planned for fiscal 2026. Full-year guidance assumes modest inflation in line with current trends and relatively flat gross margins depending on the intensity of promotional activity. Capital expenditure guidance was refined to $45 million to $50 million, primarily supporting new store openings and real property acquisitions. The company anticipates approximately $0.09 of diluted earnings per share impact from incremental investments in new store openings and related pre-opening expenses. The company received a $2 million insurance recovery (approximately $0.065 per share) related to a June 2025 cybersecurity incident at its main distributor. Administrative expenses rose 10% during the quarter, largely driven by technology costs associated with the finalization of the ERP upgrad...

Investor releaseQuarter not tagged2026-05-08

Natural Grocers by Vitamin Cottage Announces Second Quarter Fiscal 2026 Results

PR Newswire

LAKEWOOD, Colo., May 7, 2026 /PRNewswire/ -- Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) today announced results for its second quarter of fiscal 2026 ended March 31, 2026. Highlights for Second Quarter Fiscal 2026 Compared to Second Quarter Fiscal 2025 Net sales increased 0.5% to $337.4 million; Daily average comparable store sales increased 0.5%, and 9.4% on a two-year basis; Net income increased 2.5% to $13.4 million, with diluted earnings per share of $0.58; Adjusted EBITDA increased 4.0% to $27.4 million; and Opened one new store. "We performed well in a challenging environment, delivering earnings growth through strong store‑level execution and disciplined expense management," said Kemper Isely, Co-President. "We believe that consumer prioritization of health and wellness, including food and nutrition, is growing and enduring. Our differentiated natural and organic offering, supported by rigorous standards and our Always AffordableSM pricing strategy, continues to deliver strong value and reinforces our competitive positioning." In addition to presenting the financial results of Natural Grocers by Vitamin Cottage, Inc. and its subsidiaries (collectively, the Company) in conformity with U.S. generally accepted accounting principles (GAAP), the Company is also presenting EBITDA and Adjusted EBITDA, which are non-GAAP financial measures. The reconciliation from GAAP to these non-GAAP financial measures is provided at the end of this earnings release. Operating Results — Second Quarter Fiscal 2026 Compared to Second Quarter Fiscal 2025 Net sales during the second quarter of fiscal 2026 increased $1.6 million, or 0.5%, to $337.4 million, compared to the second quarter of fiscal 2025, due to a $1.7 million increase in comparable store sales and a $1.1 million increase in new store sales, partially offset by a $1.1 million decrease in net sales related to closed stores. Daily average comparable store sales increased 0.5% in the second quarter of fiscal 2026, comprised of a 1.6% increase in daily average transaction size and a 1.1% decrease in daily average transaction count. Gross profit during the second quarter of fiscal 2026 increased $0.7 million to $102.4 million. Gross profit reflects earnings after product and store occupancy costs. Gross margin increased by 10 basis points to 30.4% during the second quarter of fiscal 2026, compared to 30.3%...

Investor releaseQuarter not tagged2026-05-08

Natural Grocers by Vitamin Cottage, Inc. Declares Quarterly Dividend

PR Newswire

LAKEWOOD, Colo., May 7, 2026 /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 $0.15 per common share. The dividend will be paid on June 3, 2026 to all stockholders of record at the close of business on May 18, 2026. 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 products and dietary supplements. The grocery products sold by Natural Grocers must meet strict quality guidelines and may not contain artificial flavors, preservatives, or sweeteners (as defined in its standards), synthetic colors, or partially hydrogenated or hydrogenated oils. The Company sells only USDA certified organic produce and exclusively pasture-raised, non-confinement dairy products, and free-range eggs. Natural Grocers' flexible smaller-store format allows it to offer affordable prices in a shopper-friendly, clean and convenient retail environment. The Company also provides extensive free science-based nutrition education programs to help customers make informed health and nutrition choices. The Company, founded in 1955, has 170 stores in 21 states. Visit www.NaturalGrocers.com for more information and store locations. Forward-Looking Statements The following constitutes a "safe harbor" statement under the Private Securities Litigation Reform Act of 1995. Except for the historical information contained herein, statements in this release are "forward-looking statements" and are based on management's current expectations and are subject to uncertainty and changes in circumstances. All statements that are not statements of historical fact are forward-looking statements. Actual results could differ materially from these expectations due to changes in global, national, regional or local political, economic, inflationary, disinflationary, recessionary, business, interest rate, labor market, competitive, market, regulatory, trade policy, supply chain and other factors, and other risks detailed in the Company's Annual Report on Form 10-K and the Company's subsequent quarterly reports on Form 10-Q. The information contained herein speaks only as of the date of this release and the Company undertakes no obligation to publicly update forward-looking statement...

Investor releaseQuarter not tagged2026-05-08

Natural Grocers: Fiscal Q2 Earnings Snapshot

Associated Press

LAKEWOOD, Colo. (AP) — LAKEWOOD, Colo. (AP) — Natural Grocers by Vitamin Cottage Inc. (NGVC) on Thursday reported earnings of $13.4 million in its fiscal second quarter. The Lakewood, Colorado-based company said it had profit of 58 cents per share. The retailer of natural and organic groceries and dietary supplements posted revenue of $337.4 million in the period. Natural Grocers expects full-year earnings to be $2.07 to $2.15 per share. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NGVC at https://www.zacks.com/ap/NGVC

TranscriptFY2026 Q22026-05-07

FY2026 Q2 earnings call transcript

Earnings source - 33 paragraphs
Operator

Good day, ladies and gentlemen. Welcome to the Natural Grocers Second Quarter Fiscal Year 2026 Earnings Conference Call. At this time, all participants are in listen-only mode. Later, we'll conduct a question-and-answer section, and instruction will be given at that time. As a reminder, today's call is being recorded. I would now like to turn the conference over to Ms. Jessica Thiessen, Vice President, Treasurer for Natural Grocers. Ms. Thiessen, you may begin.

Jessica Thiessen

Good afternoon, thank you for joining us for the Natural Grocers by Vitamin Cottage second quarter fiscal year 2026 earnings conference call. On the call with me today are Kemper Isely, Co-President, and Richard Hallé, Chief Financial Officer. As a reminder, certain information provided during this conference call, including the company's outlook for fiscal 2026, contains forward-looking statements based on current expectations and assumptions and are subject to risks and uncertainties. Actual results could differ materially from those described in the forward-looking statements due to a variety of factors, including the risks and uncertainties detailed in the company's most recently filed Forms 10-Q and 10-K. The company undertakes no obligation to update forward-looking statements. Our remarks today include references to adjusted EBITDA, which is a non-GAAP measure. Please see our earnings release for a reconciliation of adjusted EBITDA to net income.

Jessica Thiessen

Today's earnings release will be available on the company's website, and a recording of this call will be available on the website at investors.naturalgrocers.com. Now, I will turn the call over to Kemper.

Kemper Isely

Thank you, Jessica, and good afternoon, everyone. During today's call, I will provide an overview of our financial results and highlight progress on initiatives driving long-term value creation. Rich will discuss the second quarter results in greater detail and review our fiscal year guidance. We performed well in a challenging environment driven by strong store-level execution and disciplined expense management, delivering diluted earnings per share growth of 3.6%. There are a few underlying trends I want to highlight. In the second quarter, comparable store sales increased 0.5% while cycling an 8.9% comp last year. On a two-year basis, comps of 9.4% continue to demonstrate solid growth relative to the broader grocery retail industry. We believe the second quarter sales trends reflected continued economic uncertainty and value-seeking consumer spending behaviors observed broadly across the grocery retail sector.

Kemper Isely

Furthermore, in the second quarter, we continued to see strong membership gains in our {N}power Rewards program. Net sales penetration increased 3 percentage points to 84%, highlighting our customers appreciation for the program's value and benefits. {N}power remains an effective tool for optimizing promotional activity and strengthening customer engagement. Natural Grocers is the value option in natural and organic grocery retail. Our marketing and communications continue to feature our always affordable prices, including the Even More Affordable campaign, which highlights a rotating assortment of staples, including our Natural Grocers brand products. We believe the consumer prioritization of health and wellness, including food and nutrition, is growing and enduring. Our differentiated natural and organic offering, supported by rigorous standards and our always affordable pricing strategy, continues to deliver strong value and reinforce our competitive positioning. Next, I will highlight an important milestone which is consistent with management's long-term focus.

Kemper Isely

During the second quarter, we successfully completed a major upgrade to our enterprise resource planning system. The ERP platform supports the majority of our functional areas, making this the most comprehensive systems implementation the company has undertaken to date. The successful execution reflects the dedication and cross-functional collaboration of our teams. The upgraded system enhances operational efficiency, improves data visibility, and provides a scalable foundation to support future growth and expand functionality, including data analytics and operational efficiencies, leveraging business intelligence tools. We've also made progress on store development as another lever driving our long-term value. During the second quarter, we opened one new store, and subsequent to the quarter, we relocated one store and opened an additional store. We're encouraged by the productivity of our new stores and relocations. We are on track to open six to eight new stores in fiscal 2026.

Kemper Isely

We believe we have significant opportunities to expand our store footprint and are targeting a 4%-5% annual new store unit growth rate for the foreseeable future. Finally, I would like to express my appreciation to our crew for their continued commitment to delivering an exceptional shopping experience. The best-in-class customer service provided by our good4u Crew is a key element of our differentiated offering. Now I will turn our call over to Rich to discuss our financial results in greater detail and our fiscal 2026 guidance.

Richard Hallé

Thank you, Kemper. Good afternoon. Second quarter net sales increased 0.5% from the prior year period to $337.4 million. Daily average comparable store sales increased 0.5%, comprised of a 1.6% increase in basket size and a 1.1% decrease in transaction count. The basket comp included a decline of less than a half an item per basket. We continued to see the highest sales growth in dairy, produce and meat, which are some of our most differentiated offerings. Our Natural Grocers brand penetration was 9.8% of total sales, up 120 basis points from a year ago.

Richard Hallé

Gross margin increased 10 basis points to 30.4%, driven by lower store occupancy costs as a percentage of net sales and stable product margin, including inventory shrink. Store expenses decreased 1.6%, primarily driven by expense management. Administrative expenses increased 10%, primarily driven by higher technology expenses, including expenses related to the completion of the ERP upgrade project. Net income increased 2.5% to $13.4 million, and diluted earnings per share increased 3.6% to $0.58 in the second quarter. Adjusted EBITDA increased 4% to $27.4 million. Turning to the balance sheet and cash flow.

Richard Hallé

We ended the second quarter in a strong liquidity position, including $20.7 million in cash and cash equivalents, no outstanding borrowings, and $67.6 million available for borrowing on our revolving credit facility. During the first six-months of fiscal 2026, we generated cash from operations of $43.8 million and invested $30.3 million in net capital expenditures, primarily for new and relocated stores and real property acquisitions, resulting in free cash flow of $13.5 million. Subsequent to the second quarter, we received a $2 million recovery from our insurance carrier for business interruption related to the June 2025 cybersecurity incident that temporarily impacted our main distributor's ability to fulfill orders and distribute products to our stores, resulting in product shortages and lost sales in June and July.

Richard Hallé

The $2 million recovery equates to approximately $6.5 of diluted earnings per share, impacting our expectations for Q3, and that's been incorporated into our updated guidance that follows. Today, we are refining the company's fiscal year outlook to reflect our second quarter results and the significant opportunities we see in our differentiated market position while remaining thoughtful about the evolving consumer environment. Our outlook includes the following: Open six to eight new stores and relocate or remodel two to three existing stores. Achieve daily average comparable store sales growth between 1.5% and 2.5% compared to our prior outlook of between 1.5% and 4%. Diluted earnings per share between $2.07 and $2.15 compared to our prior outlook of between $2.00 and $2.15.

Richard Hallé

Capital expenditures of $45 million-$50 million compared to our prior outlook of $50 million-$55 million. Capital expenditures primarily support growth initiatives such as new and relocated stores and include maintenance CapEx of approximately 75 basis points of net sales. In addition, our current expectation is that sales comps will be 2%-4% in the second half of fiscal 2026 at the lower end of our outlook range in the third quarter as we cycle strong comps in the prior year and increasing slightly in the fourth quarter as we cycle moderated comps. Additionally, the comp range reflects consumer uncertainty in the current macro environment. We expect modest inflation throughout the year in line with current trends. Our outlook anticipates that year-over-year gross margin will be relatively flat, primarily depending on the level of promotional activity.

Richard Hallé

We expect that year-over-year store expenses as a percentage of net sales will be relatively flat to slightly lower. Our outlook anticipates that year-over-year administrative expenses as a percentage of net sales will be relatively flat in the second half, excluding the impact of the insurance recovery. Lastly, in fiscal 2026, we have incremental investment of approximately $0.09 of diluted earnings per share in new store openings, primarily through higher pre-opening expenses and store expenses. We'd like to open the line for questions. Thank you.

Operator

Thank you. We will now begin the question and answer session. The first question comes from Aaron Grey with Alliance Global Partners.

Aaron Grey

Hi, good evening, and thank you very much for the questions here. The first question I wanna ask about is the margin profile, which was good for you guys this quarter. I wanna think about how that is going forward, particularly given utilizing the ERP to drive some cost savings. You know, you seem to have had, you know, one of the higher gross margins in a couple years. As we think about efficiencies going forward, do you reinvest those back into the business, given the softer consumer environment, let that drop to the bottom line? Just how we think about the profit versus sales growth as we reinvest potentially those cost savings. Thanks.

Kemper Isely

I would say that the cost savings immediately from our investment in ERP are going to be minimal. It'll take a little while to get efficiencies from the new system and to work out bugs in the new system. Any cost savings that we do see, we usually reinvest in competitive pricing. You know, we look at every item that we sell and compare it to our competitors and decide where we should be in pricing, and we like to be on the leading edge of affordable pricing.

Aaron Grey

Appreciate that commentary. Second question for me, as we think about the comps, I know a lot of the commentary in terms of the trends has been based off, you know, the two-year stack and some of the softer comps you're gonna see in the back half of the year. You know, maybe outside of just thinking of a two-year stack, you know, anything that you're seeing to get more comfortability in terms of that stack starting to improve in the back half of the year as you know, as you go into fiscal year 2027?

Kemper Isely

Yeah. I mean, the, the first two quarters of this year were particularly difficult to comp well against last year because they were we had such strong comps last year. Starting in June of this year, our comps were substantially softer for the last four-months of the year of our fiscal year. We're pretty confident that we will see sales similar to what we have been seeing currently through those months, which gives us confidence that we will have substantially better comps from June through September of this year.

Aaron Grey

Okay, great. Thanks for the color. I'll go and jump back in the queue.

Operator

Thank you. The next question comes from Chuck Cerankosky with Northcoast Research.

Chuck Cerankosky

Good afternoon, everyone. I was wondering how you would describe the consumer behavior in the most recently reported quarter to what you saw a year earlier, how things have changed since war in Iraq broke out and how it's been trending since then?

Kemper Isely

March was a particularly difficult month. I think that the conflict in Iran was not helpful to the consumer sentiment in March. April was much better than March. I think as we get further away from the conflict, the consumer sentiment will improve. As compared to last year, definitely there was more robust consumer enthusiasm last year at this time.

Chuck Cerankosky

How did that, call it consumer distress, manifest itself? Was it, fewer items, fewer trips, more price sensitivity? Any insight on that?

Kemper Isely

As we reported, there was a 0.3%. Wasn't it 0.3%?

Richard Hallé

0.3% Items.

Kemper Isely

Yeah, 0.3% items per basket that we lost, which works out to about 3% of comp sales. There was definitely on the on our less loyal customers, definitely some pullback from those consumers. Our loyal customers shopped as normal.

Richard Hallé

We continue to see very good growth from that customer base. You know, as you know, our {N}power now makes up 84% of revenue, just continuing to see great success. We had really good numbers out of that. As Kemp said, our less loyal customers we're seeing really kind of a slowdown.

Chuck Cerankosky

Great. Thank you.

Kemper Isely

Just to add on, as we're starting a program where we're working on really getting the penetration of our {N}power sales higher and also the number of customers the 30% of customers that aren't currently {N}power members enrolled in {N}power. I think we'll have some really good results towards our goals in regards to that issue starting in June.

Chuck Cerankosky

Thanks.

Operator

Thank you. This concludes our question-and-answer session. I would like to turn the conference back over to Kemper Isely for any closing remarks.

Kemper Isely

Thank you for joining us. We are committed to maximizing value for our stockholders. We believe that our offering of high quality, natural and organic products supported by rigorous product standard and always affordable prices is differentiated and will support growing consumer demand over the long term. Continued investment in store development, people, processes, and system supports, operational discipline, and long-term value creation. Thank you and have a great day. Goodbye.

Operator

Thank you. The conference call is now concluded. Thank you for attending the Natural Grocers second quarter fiscal year 2026 earnings conference call. You may now disconnect. Thank you.

Investor releaseQuarter not tagged2026-04-24

Natural Grocers by Vitamin Cottage, Inc. Announces Second Quarter Fiscal Year 2026 Earnings Conference Call and Webcast

PR Newswire

LAKEWOOD, Colo., April 23, 2026 /PRNewswire/ -- Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) today announced that the Company will release its second quarter fiscal year 2026 financial results after the market close on Thursday, May 7, 2026. 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 (Canada); or 1-412-902-4289 (International). The conference ID is "Natural Grocers Q2 FY 2026 Earnings Call." Please dial in at least five minutes before the start of the conference call. Investors and other parties may listen to the webcast of the conference call by logging on via the Investor Relations section of the Company's website at http://investors.naturalgrocers.com/ or directly at https://app.webinar.net/WaQN7Wpl9Xq. An audio recording of the conference call will be archived for a minimum of 20 days on the Company's website at http://investors.naturalgrocers.com/. 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 products and dietary supplements. The grocery products sold by Natural Grocers must meet strict quality guidelines and may not contain artificial flavors, preservatives, or sweeteners (as defined in its standards), synthetic colors, or partially hydrogenated or hydrogenated oils. The Company sells only USDA certified organic produce and exclusively pasture-raised, non-confinement dairy products, and free-range eggs. Natural Grocers' flexible smaller-store format allows it to offer affordable prices in a shopper-friendly, clean and convenient retail environment. The Company also provides extensive free science-based nutrition education programs to help customers make informed health and nutrition choices. The Company, founded in 1955, has 169 stores in 21 states. Visit www.NaturalGrocers.com for more information and store locations. Investor Contact: Reed Anderson, ICR, 646-277-1260, [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/natural-grocers-by-vitamin-cottage-inc-announces-second-quarter-fiscal-year-2026-earnings-conference-call-and-webcast-302752040.h...

Investor releaseQuarter not tagged2026-02-12

Natural Grocers' Q1 Earnings Rise Y/Y on Cost Discipline

Zacks

Shares of Natural Grocers by Vitamin Cottage, Inc. NGVC have declined 9.8% since the company reported its earnings for the quarter ended Dec. 31, 2025. This compares to the S&P 500 index’s 0.9% growth over the same time frame. Over the past month, the stock has declined 3.7% compared with the S&P 500’s 0.4% decrease. For the fiscal first quarter of 2026, Natural Grocers reported earnings per share of 49 cents, up from 43 cents in the same period last year. Net sales of $335.6 million represented a 1.6% increase compared to the year-ago quarter. The company attributed the sales growth to a 1.7% increase in daily average comparable store sales, driven by a 1% increase in transaction count and a 0.7% rise in transaction size. Net income rose 14% year over year to $11.3 million. Natural Grocers by Vitamin Cottage, Inc. price-consensus-eps-surprise-chart | Natural Grocers by Vitamin Cottage, Inc. Quote Gross profit for the quarter remained relatively flat at $98.9 million, increasing less than $0.1 million compared to the prior-year quarter. However, gross margin contracted by 40 basis points to 29.5% from 29.9%, largely due to lower product margins stemming from increased inventory shrink. Despite the pressure on gross margin, operational efficiencies provided some relief. Store expenses declined 0.7% to $73 million, and as a percentage of net sales, fell to 21.8% from 22.3%. Administrative expenses decreased more sharply by 5.9% to $10.8 million, driven by the absence of one-time costs incurred in the prior year related to a Chief Financial Officer transition. These cost controls helped lift operating income by 9.7% to $14.6 million, with the operating margin expanding to 4.4%, up from 4% in the year-ago period. Adjusted EBITDA grew 3.1% to $23.5 million, up from $22.8 million a year ago. EBITDA rose 6.2% year over year to $22.6 million, up from $21.3 million. As a percentage of net sales, EBITDA improved to 6.7% compared to 6.4% in the prior year. Adjusted EBITDA represented 7% of net sales, a slight increase from 6.9%, reflecting continued efficiency in operations despite margin pressures. Management noted that the quarterly performance was in line with expectations and reaffirmed its full-year guidance. Co-president Kemper Isely highlighted the effectiveness of the company’s "Always AffordableSM" pricing strategy and the appeal of its high-quality natural an...

Investor releaseQuarter not tagged2026-02-07

Natural Grocers by Vitamin Cottage Q1 Earnings Call Highlights

MarketBeat

Q1 results were in line with expectations: net sales rose 1.6% to $335.6 million, daily average comparable-store sales grew 1.7% (two-year comp 10.6%), diluted EPS increased 14% to $0.49, and management reaffirmed fiscal 2026 guidance. The Npower rewards program is driving outperformance — penetration rose 2 points to 83%, with rewards members delivering stronger sales while less-engaged, income-constrained shoppers pulled back. Gross margin declined 40 basis points to 29.5% mainly due to higher inventory shrink (partly cyclical and isolated events), but operating income rose and the company plans to open six to eight new stores while targeting fiscal 2026 diluted EPS of $2.00–$2.15. Interested in Natural Grocers by Vitamin Cottage, Inc.? Here are five stocks we like better. Analysts' Top 3 Retail Picks Gearing Up for a Strong 2025 Natural Grocers by Vitamin Cottage (NYSE:NGVC) executives told investors the company’s first quarter fiscal 2026 results were “in line with expectations,” citing continued comparable sales growth, double-digit earnings-per-share growth, and ongoing momentum in its {N}power rewards program. Management also maintained its full-year outlook while acknowledging cautious consumer spending behavior across the grocery sector. Co-President Kemper Isely said first-quarter daily average comparable store sales grew 1.7%, cycling an 8.9% comp in the year-ago period. He highlighted a two-year comp of 10.6%, which he said reflects “a robust growth rate relative to the broader grocery retail industry.” → With New CEOs, Is Walmart or Target the Better Buy Going Forward? Chief Financial Officer Richard Hallé reported net sales increased 1.6% year over year to $335.6 million. Comparable transaction count rose 1%, while comparable transaction size increased 0.7%, which included “annualized product inflation of approximately 2% to 2.5%.” Items per basket were down less than half an item year over year. Hallé said the company continued to see its greatest sales growth in meat, dairy, and produce, which he described as some of Natural Grocers’ most differentiated offerings. He also noted a modest decline in transactions using SNAP EBT, which represents approximately 2% of net sales, and said the reduction was “immaterial” to the overall sales comp for the quarter. → IREN Earnings Were Ugly—Is a Beautiful Future Already Funded? Management pointed to a d...

Investor releaseQuarter not tagged2026-02-06

Natural Grocers: Fiscal Q1 Earnings Snapshot

Associated Press Finance

LAKEWOOD, Colo. (AP) — LAKEWOOD, Colo. (AP) — Natural Grocers by Vitamin Cottage Inc. (NGVC) on Thursday reported profit of $11.3 million in its fiscal first quarter. The Lakewood, Colorado-based company said it had net income of 49 cents per share. The retailer of natural and organic groceries and dietary supplements posted revenue of $335.6 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NGVC at https://www.zacks.com/ap/NGVC

As of 2026-05-30 • Updated weeklySource: Earnings sourceIngestion runbook