Natural Grocers, which operates small-format stores focused on organic perishables, natural and organic groceries and nutritional supplements, went public earlier this year, raising $58.1 million, which it said would be used in part to fund its aggressive expansion plans. In addition to new-store growth, Natural Grocers is projecting comp-store sales gains of 7.5% to 8.5% for the year. In the first quarter, comps were trending slightly below the fourth quarter’s 13% growth rate, ...

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