Private label, CBD launches help drive Natural Grocers’ profits
By Hank Schultz contact
18-Nov-2019 – Last updated on 18-Nov-2019 at 17:44 GMT
In the company’s recent year end earnings statement, CEO Kemper Isley said the company (formally known as Natural Grocers by Vitamin Cottage) has increased the pace of private label launches, which has helped drive profitability.
“During the year, we were proud to launch 47 new Natural Grocers brand products, in line with our projections. Our private brand products have been developed consistent with our core values and are positioned as a premium quality brand at an affordable price. We remain encouraged by the customer response to date, and we’ll continue to expand our Natural Grocers brand offerings, targeting the launch of an additional 70 products in fiscal 2020,” he said.
More new SKUs, fewer new stores
The increased pace of private label launches has to some extent substituted for the company’s earlier intense focus on new store openings. A few years ago, Natural Grocers was opening as many as 20 new stores a year. That pace has receded to about five to six new stores and one or two relocations per year. The company also said because of the recent competitive environment, the cash on cash payback on the investment into new stores has stretched out to six years from five. The company now operates more than 140 stores in 20 states, mostly west of the Mississippi.
Natural Grocers sells both organic produce as well as dietary supplements. Unlike some competitors such as Whole Foods Markets and Sprouts, Natural Grocers devotes a much greater amount of shelf space to supplement products.
CBD joins lineup
Among the supplements it is selling are CBD skus, which were introduced this year. The company sells products from Barleans, Ancient Nutrition and others. The company has also hosted CBD education sessions in stores in the states where the sales of the products are allowed.Private label offerings and a successful CBD launch are helping Natural Grocers show a solid profit, according to company executives.
Does natural grocers sell cbd oil
Perhaps searching can help.
- Find a centre
- Resource centre
- Training provider
- Latest News
CompEx Certification Body
JT Limited Offices
3rd Floor Redwither Tower
Redwither Business Park
Wrexham Industrial Estate
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.Does natural grocers sell cbd oil Perhaps searching can help. Quick Links About Blog Find a centre Resource centre Training provider Latest News Contact ]]>