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.”
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