Natural Grocers by Vitamin Cottage projects FY 2026 earnings of $2.07‑$2.11 per share

Natural Grocers by Vitamin Cottage issued FY 2026 earnings guidance of $2.07 to $2.11 per diluted share, narrowing its prior range. The specialty grocer reported third‑quarter net sales of $334.7 million, a 1.8% increase year‑over‑year, and comparable‑store sales growth of 1.2% (8.6% over two years). Transaction size rose 3.1% while the number of transactions fell 1.8%, indicating higher spend per visit but lower traffic. Net income slipped to $11.1 million, or $0.48 per share, missing the consensus estimate of $0.52. The retailer ended the quarter with 172 stores in 22 states, having opened three new locations and relocated one. It now expects to open six to seven stores in FY 2026 and to spend $45‑$50 million on capital projects. Co‑President Kemper Isely highlighted the comparable‑store sales growth despite a challenging consumer environment.