Natural Grocers by Vitamin Cottage, Inc. — fact timeline

Natural Grocers by Vitamin Cottage, Inc. reported second quarter of fiscal 2026 ended March 31, 2026 results: revenue $337.4 million, net income $13.4 million, EPS $0.58.

“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; ●”

Richard Hallé was appointed as Chief Financial Officer at Natural Grocers by Vitamin Cottage, Inc..

“As previously announced, Richard Hallé assumed the position of Chief Financial Officer of the Company effective January 1, 2025.”

Todd Dissinger retired as Chief Financial Officer at Natural Grocers by Vitamin Cottage, Inc..

“On December 31, 2024, Todd Dissinger retired as Chief Financial Officer of Natural Grocers by Vitamin Cottage, Inc. (the “Company”).”

Todd Dissinger departed as Chief Financial Officer at Natural Grocers by Vitamin Cottage, Inc..

“Mr. Hallé will succeed Todd Dissinger, who, as previously announced, will retire on December 31, 2024.”

Richard Hallé was appointed as Chief Financial Officer at Natural Grocers by Vitamin Cottage, Inc..

“On October 31, 2024, the Board of Directors (the “Board”) of Natural Grocers by Vitamin Cottage, Inc. (the “Company”) appointed Richard Hallé as Chief Financial Officer of the Company, effective January 1, 2025.”

Todd Dissinger retired as Chief Financial Officer at Natural Grocers by Vitamin Cottage, Inc..

“On June 27, 2024, Todd Dissinger, Chief Financial Officer (principal financial officer) of Natural Grocers by Vitamin Cottage, Inc. (the “Company”) and its wholly owned subsidiary Vitamin Cottage Natural Food Markets, Inc., notified the Company that he intends to retire from the Company effective on or about December 31, 2024.”

Natural Grocers by Vitamin Cottage, Inc. shareholders approved Frequency of future stockholder advisory votes on the compensation paid to the Company’s named executive officers at the 2024-03-06 meeting.

“the stockholders cast the highest number of votes for an advisory vote to be held every three years on the compensation paid to the Company’s named executive officers”

Natural Grocers by Vitamin Cottage, Inc. updated its fiscal 2024 guidance (raised).

“Based upon the strength of our results through the second quarter, we are raising our fiscal 2024 outlook for daily average comparable store sales growth and diluted earnings per share.”

Natural Grocers by Vitamin Cottage, Inc. reported three and six months ended March 31, 2024 results: revenue Net sales increased 8.8% to $308.1 million, net income Net income was $8.0 million, EPS diluted earnings per share of $0.35. Guidance raised.

“Natural Grocers by Vitamin Cottage Announces Second Quarter Fiscal 2024 Results Raises Fiscal 2024 Outlook Lakewood, Colorado, May 9, 2024. Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) today announced results for its second quarter of fiscal 2024 ended March 31, 2024. Highlights for Second Quarter Fiscal 2024 Compared to Second Quarter Fiscal 2023 ● Net sales increased 8.8% to $308.1 million; ● Daily average comparable store sales increased 7.5%, and increased 10.2% on a two-year basis; ● Net income was $8.0 million, with diluted earnings per share of $0.35; ● Adjusted EBITDA was $19.7 million; and ● Opened one new store.”

Natural Grocers by Vitamin Cottage, Inc. shareholders approved Approval of amendments to the 2012 Omnibus Incentive Plan to increase shares by 600,000 and extend term to July 19, 2034 at the 2024-03-06 meeting.

“The votes cast on Proposal No. 5 were as follows: For Against Abstain Broker Non-Votes Amendments to the 2012 Plan 19,450,856 1,036,887 43,402 1,083,102”

Natural Grocers by Vitamin Cottage, Inc. shareholders approved Advisory vote on frequency of future advisory votes on executive compensation at the 2024-03-06 meeting.

“The votes cast on Proposal No. 4 were as follows: Every 1 Year Every 2 Years Every 3 Years Abstain Broker Non-Votes Frequency of future advisory votes on compensation paid to the Company’s NEOs 4,992,562 22,076 15,510,326 6,181 1,083,102”

Natural Grocers by Vitamin Cottage, Inc. shareholders approved Advisory vote to approve compensation paid to named executive officers at the 2024-03-06 meeting.

“The votes cast on Proposal No. 3 were as follows: For Against Abstain Broker Non-Votes Approval, on an advisory basis, of compensation paid to the Company’s Named Executive Officers (“NEOs”) 20,401,188 107,047 22,910 1,083,102”

Natural Grocers by Vitamin Cottage, Inc. shareholders approved Ratification of appointment of KPMG LLP as independent registered public accounting firm for fiscal year ending September 30, 2024 at the 2024-03-06 meeting.

“The votes cast on Proposal No. 2 were as follows: For Against Abstain Appointment of KPMG 21,424,440 170,661 19,146”

Natural Grocers by Vitamin Cottage, Inc. shareholders approved Election of Heather Isely, Kemper Isely and Edward Cerkovnik as Class III directors at the 2024-03-06 meeting.

“The votes cast on Proposal No. 1 were as follows: For Withheld Broker Non-Votes Heather Isely 15,283,849 5,247,296 1,083,102 Kemper Isely 15,262,363 5,268,782 1,083,102 Edward Cerkovnik 18,481,117 2,050,028 1,083,102”

Natural Grocers by Vitamin Cottage, Inc. reported first quarter of fiscal 2024 ended December 31, 2023 results: revenue $301.8 million, net income $7.8 million, EPS $0.34. Guidance raised.

“for its first quarter of fiscal 2024 ended December 31, 2023. Highlights for First Quarter Fiscal 2024 Compared to First Quarter Fiscal 2023 ● Net sales increased 7.6% to $301.8 million; ● Daily average comparable store sales increased 6.2%; ● Net income was $7.8 million, with diluted earnings per share of $0.34; ● Adjusted EBITDA was $18.8 million; and ● Opened”

Natural Grocers by Vitamin Cottage, Inc. amended Seventh Amendment with Bank of America, N.A. valued at increase its aggregate revolving commitments from $50.0 million to $75.0 million (effective 2023-11-16).

“On November 16, 2023, Vitamin Cottage Natural Food Markets, Inc. (the “Operating Company”), a wholly owned subsidiary of Natural Grocers by Vitamin Cottage, Inc. (the “Company”), entered into the Seventh Amendment to Credit Agreement (the “Seventh Amendment”) by and among the Operating Company, the guarantors party thereto (the “Guarantors”), the lenders party thereto, and Bank of America, N.A., as Administrative Agent, L/C Issuer and Swing Line Lender”

Natural Grocers by Vitamin Cottage, Inc. entered into Amended and Restated Customer Distribution Agreement with United Natural Foods, Inc. (UNFI) valued at Pricing, distribution terms, minimum purchase volumes, termination provisions, automatic renewal (effective 2023-09-03).

“On August 23, 2023, Vitamin Cottage Natural Food Markets, Inc. (the “Operating Company”), a wholly owned subsidiary of Natural Grocers by Vitamin Cottage, Inc. (the “Company”), entered into an Amended and Restated Customer Distribution Agreement (the “Agreement”) with United Natural Foods, Inc. (“UNFI”), which amends and restates in its entirety the Customer Distribution Agreement dated June 21, 2016, as amended by the Amendment to Customer Distribution Agreement dated as of May 25, 2018, by and between the Operating Company, UNFI and certain of its wholly owned subsidiaries.”

Natural Grocers by Vitamin Cottage, Inc. updated its three and nine months ended June 30, 2023 guidance (raised).

“On August 3, 2023, Natural Grocers by Vitamin Cottage, Inc. (the “Company”) issued a press release announcing its financial results for the three and nine months ended June 30, 2023.”

Sandra Buffa was elected as Class II Director at Natural Grocers by Vitamin Cottage, Inc..

“On August 2, 2023, the Company’s Board of Directors (the “Board”) unanimously approved the creation of a new Class II board seat and the election of Sandra Buffa as a Class II director”

Natural Grocers by Vitamin Cottage, Inc. reported second quarter of fiscal 2023 ended March 31, 2023 results: revenue $283.2 million, net income $5.9 million, EPS $0.26. Guidance raised.

“for its second quarter of fiscal 2023 ended March 31, 2023. Highlights for Second Quarter Fiscal 2023 Compared to Second Quarter Fiscal 2022 ● Net sales increased 4.2% to $283.2 million; ● Daily average comparable store sales increased 2.7%, and increased 7.0% on a two-year basis; ● Net income was $5.9 million, with diluted earnings per share of $0.26, including”

Natural Grocers by Vitamin Cottage, Inc. shareholders approved Ratify the appointment of KPMG LLP as independent registered public accounting firm at the 2023-03-01 meeting.

“The Company’s stockholders approved Proposal No. 2. The votes cast on Proposal No. 2 were as follows: For Against Abstain Appointment of KPMG 21,297,960 113,320 59,665”

Natural Grocers by Vitamin Cottage, Inc. shareholders approved Election of Zephyr Isely and David Rooney as Class II directors at the 2023-03-01 meeting.

“The Company’s stockholders elected the two director nominees recommended for election in Proposal No. 1. The votes cast on Proposal No. 1 were as follows: For Withheld Broker Non-Votes Zephyr Isely 15,461,880 4,509,739 1,499,326 David Rooney 15,400,945 4,570,674 1,499,326”

Natural Grocers by Vitamin Cottage, Inc. reported first quarter of fiscal 2023 ended December 31, 2022 results: revenue $280.5 million, net income $4.4 million, EPS $0.19 per diluted share. Guidance reaffirmed.

“Net sales increased 1.1% to $280.5 million; ● Daily average comparable store sales increased 0.5% and increased 17.6% on a three-year basis; ● Net income was $4.4 million, with diluted earnings per share of $0.19;”

Natural Grocers by Vitamin Cottage, Inc. amended Sixth Amendment to Credit Agreement with Bank of America, N.A., as Administrative Agent, L/C Issuer and Swing Line Lender valued at increased restricted payments capacity from $10.0 million to $12.5 million (effective 2022-12-15).

“On December 15, 2022, Vitamin Cottage Natural Food Markets, Inc. (the “Operating Company”), a wholly owned subsidiary of Natural Grocers by Vitamin Cottage, Inc. (the “Company”), entered into the Sixth Amendment to Credit Agreement (the “Sixth Amendment”) by and among the Operating Company, the guarantors party thereto (the “Guarantors”), the lenders party thereto, and Bank of America, N.A., as Administrative Agent, L/C Issuer and Swing Line Lender, which amends the Credit Agreement dated as of January 28, 2016”

Natural Grocers by Vitamin Cottage, Inc. reported fiscal year ended September 30, 2022 results: revenue $1.1 billion, net income $21.4 million, EPS $0.94.

“Net sales increased 3.2% to $1.1 billion; ● 19 th consecutive year of positive comparable store sales growth; ● Daily average comparable store sales increased 2.6%, and 15.7% on a three-year basis; ● Net income was $21.4 million, with diluted earnings per share of $0.94; and ● Adjusted EBITDA was $62.2 million.”

Natural Grocers by Vitamin Cottage, Inc. reported fourth quarter ended September 30, 2022 results: revenue $274.2 million, net income $2.2 million, EPS $0.09.

“Net sales increased 0.6% to $274.2 million; ● Daily average comparable store sales decreased 0.2%, and increased 15.8% on a three-year basis; ● Net income was $2.2 million, with diluted earnings per share of $0.09; and ● Adjusted EBITDA was $13.6 million.”