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NGVC - Natural Grocers - Inflation Proof Your Portfolio Naturally
Natural Grocers by Vitamin Cottage Inc.
Natural Grocers successfully navigated the Covid pandemic increasing YOY net income by 145% in Q1 2022.
The core business model and new store openings, including 37 new stores in the past 5 years, have resulted in improved margins and revenues of more than $1B in 2021.
Inflationary food prices are generally passed on to their customers, resulting in higher sales with lower to similar levels of operating expenses, leading to higher margins.