Nutrition Business Journal
Nutrition Capital Network

Nutrition Capital Network news: Natural Grocers IPO Raises $107 Million

Nutrition Capital Network facilitates financing and asset sales for growing companies and introduces investors to the next generation of successful brands & technology in the nutrition and health & wellness industries. Below is news from August.

Natural Grocers by Vitamin Cottage, the natural and organic groceries and dietary supplements retailer, raised $107 million from its IPO in July. The stock was priced at $15 but immediately rose to $17-18. Founded in 1955 by Margaret and Philip Isely, Natural Grocers has expanded from 27 stores in three states in 2008 to 55 stores in 11 states. As of June 30, 2012, the company reported more than 40 consecutive quarters of positive comparable store sales growth. Net sales in FY 2011 ended September 30 were $264.5 million. Competing with Whole Foods and Sprouts, among other retailers, the company said its “commitment to carrying only carefully vetted, affordably priced and high-quality natural and organic products and dietary supplements differentiates us in the industry.”

Disclaimer: NCN does not warrant the accuracy, reliability, or timeliness of any NCN news item. Before relying on any NCN News item the information should be independently verified.

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