Natural Grocers by Vitamin Cottage, Inc. ( NGVC ) Q4 2025 Earnings Call November 20, 2025 4:30 PM EST Company Participants Jessica Thiessen - Assistant Treasurer Kemper Isely - Chairman & Co-President Richard Hallé - Chief Financial Officer Conference Call Participants Charles Cerankosky - Northcoast Research Partners, LLC Scott Mushkin - R5 Capital LLC Presentation Operator Good day, ladies and gentlemen. Welcome to the Natural Grocers Fourth Quarter and Fiscal Year 2025 Earnings Conference Call.
Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC ) Q3 2025 Earnings Conference Call August 7, 2025 4:30 PM ET Company Participants Jessica Thiessen - Corporate Participant Assistant Treasurer - Corporate Participant Kemper Isely - Chairman & Co-President Richard G. Hallé - Chief Financial Officer Operator Good day, ladies and gentlemen.
Natural Grocers excels by focusing on quality, affordability, and small-store formats, driving 21 years of positive comparable sales growth. The company's disciplined expansion and loyalty program have fueled strong EBITDA and free cash flow margin growth, even through economic shocks. NGVC trades at a lower valuation than peers like Sprouts, despite robust industry tailwinds and superior recent price performance.
| Specialty Retail Industry | Consumer Discretionary Sector | Kemper Isely CEO | XFRA Exchange | US63888U1088 ISIN |
| US Country | 3,332 Employees | 1 Dec 2025 Last Dividend | - Last Split | 25 Jul 2012 IPO Date |
Natural Grocers by Vitamin Cottage, Inc., alongside its subsidiaries, is a retail company specializing in natural and organic groceries and dietary supplements across the United States. Founded in 1955, the company has established itself as a provider of healthy food choices, operating under various trademarks including Natural Grocers by Vitamin Cottage, Vitamin Cottage Natural Grocers, and Health Hotline. Headquartered in Lakewood, Colorado, Natural Grocers prioritizes offering science-based nutrition education programs, aiming to empower customers in making informed health and nutrition decisions.
Natural and Organic Grocery Products: The stores feature a wide range of organic products including produce, and private label repackaged bulk items like dried fruits, nuts, grains, and teas. Emphasis is on providing organic and non-GMO options to cater to health-conscious consumers.
Private Label Products: Offering a variety of grocery staples under its own brand, including household products, bulk foods, and vitamins. These products cater to customers looking for quality, affordability, and ethical sourcing.
Meat and Seafood Products: A selection of meat and seafood options are available, focusing on sustainable and ethical sources. This includes options for both traditional and health-conscious diets.
Dairy Products and Substitutes: A wide range of dairy and dairy substitute products are available, including organic eggs and a variety of milk alternatives to cater to dietary needs and preferences.
Prepared Foods: For convenience, the stores offer prepared food options, aimed at providing quick, healthy meals for busy customers.
Bread and Baked Products: A selection of bread and baked goods, focusing on organic and gluten-free options to cater to various dietary requirements.
Beverages: The company offers a variety of beverages, including organic flavored coffee and teas, as well as beer, wine, and hard cider for those looking for organic alcoholic options.
Supplements and Body Care: Offering a wide range of dietary supplements and body care products. This includes name-brand and private label supplements, along with cosmetics and personal care items made from natural and organic ingredients.
Pet Care and Food Products: Natural Grocers also caters to pet owners, offering pet care items and food products that are health-conscious and ethical.
Household and General Merchandise: The stores provide customers with an array of household items such as cleaning supplies, paper products, and other common household goods, including environmentally-friendly options.
Books and Handouts: To further support customer education on health and wellness, the company provides a range of books and handouts on nutrition and healthy living.
Nutrition Education Programs: Complementing its product offerings, Natural Grocers offers science-based nutrition education programs to help customers make informed health and nutrition choices.