NGVC - Is Natural Grocers Stock Worth Picking?
Specialty organic and health food retailer Natural Grocers by Vitamin Cottage (NYSE: NGVC) continues to increase its presence in a large and growing market segment. With organic produce sales increasing by 5.5% in 2021, more than twice that of conventional produce, Natural Grocers is well-positioned to be a future leader.
Headquartered in Lakewood, Colorado, Natural Grocers operates 162 stores across 20 states and boasts itself "the largest family operated organic and natural grocery retailer in the U.S." But to contend with fierce competition including Whole Foods and Trader Joe's, as well as lofty inflation, Natural Grocers will need to retain and grow its loyal following of healthy and planet-friendly shoppers.
Founded in 1955, Natural Grocers was ahead of its time, inspired by core values including sustainability and a more equitable food system.
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Is Natural Grocers Stock Worth Picking?