Natural Grocers by Vitamin Cottage Inc. (Lakewood, Colo.) has filed with the SEC for a proposed initial public offering of common stock on the New York Stock Exchange with an offer amount of $115 million. The number of shares to be sold and the price range for the offering have not yet been determined. Some shares will be issued and sold by Natural Grocers and some sold by stockholders.
Natural Grocers is a specialty retailer of natural and organic groceries and dietary supplements. At the end of June 2012, the company numbered 55 stores in 11 states: Colorado, Idaho, Kansas, Missouri, Montana, Nebraska, New Mexico, Oklahoma, Texas, Utah and Wyoming. Natural Grocers grew net sales to $264.5 million in fiscal year 2011, up from $206.1 million in 2009.
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