Natural Grocers by Vitamin Cottage, Inc. NGVC

What this company does

Natural Grocers is a specialty retailer of natural and organic groceries and dietary supplements. The company has grown its store count from 11 stores in Colorado to 169 stores in 21 states as of September 30, 2025. As of September 30, 2025, the company employed 3,455 full-time and 795 part-time Crew members, including a total of 410 Crew members at its home office and its bulk food repackaging facility and distribution center. For the year ended September 30, 2025, approximately 69% of the company's total purchases were from United Natural Foods Inc. and its subsidiaries. The company has a single reportable segment, natural and organic retail stores, through which it conducts all of its business. The company's founders, Margaret and Philip Isely, were early proponents of the connection between health and the use of natural and organic products and dietary supplements. In 1998, the second generation of the Isely family, including Kemper Isely, Zephyr Isely, Heather Isely and Elizabeth Isely, purchased the company's predecessor and the Vitamin Cottage trademark and assumed control of the business.

Written from the business description in Natural Grocers by Vitamin Cottage, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 11 December 2025. Every sentence was checked against that document before publication.