ADDED
In addition, we only sell pasture-raised, non-confinement dairy products, free-range eggs ( i.e., from chickens that are not only cage-free but also provided with sufficient space to move) and humanely and sustainably sourced meats, fish and seafood (our product standards do not allow meat from animals known to have been treated with antibiotics, hormones or growth promoters, or fed animal by-products).
Our executive management team has an average of 40 years of experience in the natural grocery industry, while our entire management team has an average of 33 years of relevant experience.
We believe we have significant opportunity for store footprint expansion by selectively pursuing in-fill opportunities in existing markets where we already have a strong presence, continuing to penetrate existing states where we have recently expanded our footprint, and entering new geographic regions that satisfy our site selection guidelines.
In fiscal years 2025 and 2024, we opened two and four new stores, respectively.
We plan to open six to eight new stores in fiscal year 2026, none of which opened during the first quarter of fiscal year 2026 prior to the filing of this Form 10-K.
We intend to continue to target an annual new store unit growth rate of 4% to 5% for the foreseeable future.
Additionally, we seek to enhance the nutritional knowledge of current and prospective customers through the distribution of printed and digital versions of our broad range of educational resources, including the Health Hotline magazine and our Meet Your Farmer film series.
In fiscal year 2025, our two new stores and three relocations/remodels averaged approximately 10,000 selling square feet.
Our comparable stores sell an average of approximately 20,000 SKUs of natural and organic products per store, including an average of approximately 6,500 SKUs of dietary supplements.
During fiscal year 2025, we expanded our line of Natural Grocers brand products with 119 new offerings.
REMOVED
In addition, we only sell pasture-raised, non-confinement dairy products, free-range eggs ( i.e., from chickens that are not only cage-free but also provided with sufficient space to move) and naturally raised meats ( i.e., from animals that are not known to have been treated with antibiotics, hormones or growth promoters, or fed animal by-products).
Our executive management team has an average of 39 years of experience in the natural grocery industry, while our entire management team has an average of 32 years of relevant experience.
In fiscal years 2024 and 2023, we opened four and three new stores, respectively.
We plan to open four to six new stores in fiscal year 2025, none of which opened during the first quarter of fiscal year 2025 prior to the filing of this Form 10-K.
Additionally, we seek to enhance the nutrition knowledge of current and prospective customers through the distribution of printed and digital versions of our broad range of educational resources, including the Health Hotline magazine.
In fiscal year 2024, our four new stores and four relocations/remodels averaged approximately 10,000 selling square feet.
Our comparable stores sell an average of approximately 21,000 SKUs of natural and organic products per store, including an average of approximately 6,700 SKUs of dietary supplements.
During fiscal year 2024, our NHCs launched a new partnership with a national non-profit organization to promote health nutritional habits for children through in-store nutrition classes geared toward families.
During fiscal year 2024, we expanded our line of Natural Grocers brand products with 80 new offerings.
As of September 30, 2024, we offered approximately 800 discrete Natural Grocers brand private label product SKUs.