EXCHANGE: New York
Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is a rapidly
expanding specialty retailer of natural and organic groceries and
dietary supplements whose products must meet strict quality guidelines.
The grocery products sold by Natural Grocers may not contain artificial
colors, flavors, preservatives or sweeteners, or partially hydrogenated
or hydrogenated oils. The Company sells only USDA certified organic
produce and exclusively pasture-raised, non-confinement dairy products.
Natural Grocers' flexible smaller-store format allows it to offer
affordable prices in a shopper-friendly 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 141 stores in 19 states.
Natural Grocers by Vitamin Cottage Announces Fiscal 2017 Fourth Quarter and Full Year Results and Provides Fiscal 2018 Outlook
Colo., Nov. 16, 2017 /PRNewswire/ -- Natural Grocers by Vitamin
Cottage, Inc. (NYSE: NGVC) today announced results for its fourth
quarter and fiscal year ended September 30, 2017 and provided its
outlook for fiscal 2018.
Highlights for Fourth Quarter and Fiscal 2017 Compared to Fourth Quarter and Fiscal 2016
Net sales increased 9.7% to $198.5 million in the fourth quarter and increased 9.0% to $769.0 million in fiscal 2017;
Daily average comparable store sales increased 2.1% in the fourth quarter and increased 0.1% in fiscal 2017;
Net income was $1.2 million with diluted earnings per share of $0.06 in
the fourth quarter and was $6.9 million with diluted earnings per share
of $0.31 in fiscal 2017;
EBITDA was $10.3 million in the fourth quarter and was $43.6 million in fiscal 2017; and
Opened 14 new stores in fiscal 2017 compared to 23 new stores in fiscal
2016, resulting in growth rates of 11.1% and 22.3% for the twelve month
periods ended September 30, 2017 and 2016, respectively.