2024 Natural Grocers Sustainability Report

Company Overview

Natural Grocers ® is an expanding specialty retailer of natural and organic groceries, body care and dietary supplement products. We focus on providing high-quality products at Always Affordable SM prices, exceptional customer service, nutrition education and community outreach.

Our Crew as of 09/30/2024

FY24 Net Sales $1.24 billion

Body Care, Pet Care & other 9%

3,332 3,757 813 388

Full Time

Part Time

Dietary Supplements 20%

71% Grocery

Crew in Stores Crew in Corporate, Bulk Packaging Facility and Distribution Center

y

Geographic Footprint as of 09/30/24: 169 stores in 21 states

Financial Sustainability 21 consecutive years of positive daily average comparable store sales growth Diluted earnings per share growth of 350% over the previous five years Commitment to returning value to our stockholders: issued dividend payments of $4.76 per common share since we instituted a cash dividend four years ago

5

4

3

14

1

6

1

2

6

4

3

8 12 6

46

7

8

6

3

23

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Natural Grocers has a legacy that demonstrates a just, sustainable, and equitable food system is possible. We hope to inspire other companies around the world to follow our lead and to realize that it is possible to offer high-quality organic and natural products at affordable prices.

All data in the Natural Grocers Fiscal Year 2024 (“FY24”) ESG Report reflects results for the fiscal year ending September 30, 2024 unless identified otherwise.

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NATURAL GROCERS ® | SUSTAINABILITY REPORT