Natural Grocers by Vitamin Cottage, Inc. (NGVC)

Over the past six months, Natural Grocers' stock price has declined significantly, between 30% and 50%. Despite this, the company reported record sales and earnings for fiscal year 2025, with net sales increasing 7.2% to $1.33 billion and diluted earnings per share reaching $2.00. In November 2025, Natural Grocers announced a 25% increase in its quarterly cash dividend to $0.15 per common share. The company plans to open 6 to 8 new stores, relocate or remodel 2 to 3 existing stores, and anticipates daily average comparable store sales growth between 1.5% and 4% for fiscal year 2026. A federal appeals court ruled in favor of Natural Grocers in a lawsuit challenging USDA rules under the Bioengineered Food Disclosure Standard Act.

While specific detailed seasonality data is not readily available, Natural Grocers' financial outlook suggests some seasonality in demand. Management anticipates that sales comparable store sales will be at the lower end of their projected range in the first half of fiscal year 2026, and they expect an increase in comparable sales during the second half of the fiscal year. This indicates a potential pattern of stronger performance in the latter half of their fiscal year, which concludes on September 30th.

Natural Grocers by Vitamin Cottage, Inc. is a specialty retailer of natural and organic products in the United States, operating within the Consumer Staples sector. The company's product categories include natural and organic food, dietary supplements, natural body care, household products, pet care products, books, and handouts. Natural Grocers emphasizes strict quality standards, selling only USDA-certified organic produce, pasture-raised dairy, free-range eggs, and products free from artificial additives. The company also offers a range of private-label products.

Natural Grocers by Vitamin Cottage, Inc. operates approximately 168 to 169 stores across 21 states in the United States, primarily in the Rocky Mountain, Midwest, and Southwest areas.

Natural Grocers by Vitamin Cottage, Inc. has maintained a strong brand reputation, particularly within the natural and organic retail sector. The company was named "2025 Retailer of the Year" by Store Brands, recognizing its expansion of private-label products while upholding its mission of offering healthy, high-quality items at affordable prices. The federal appeals court ruling in January 2026, which sided with Natural Grocers in a GMO labeling case, reinforces the company's dedication to transparency and consumers' right to clear food information. Natural Grocers emphasizes its "Healthy Living" philosophy, providing extensive customer education and free nutrition classes.

Natural Grocers by Vitamin Cottage, Inc. has a mix of institutional and individual ownership. Institutional shareholders hold approximately 41.03% of the stock, while insiders hold about 107.23%. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, and Wellington Management Group Llp. Key individual insider owners include Kemper Isely, Zephyr Isely, and Lucas Isely, with Kemper Isely being the largest individual shareholder, owning 20.54% of the company.