E-commerce helps boost Vitamin Shoppe performance
North Bergen, N.J. – Strong results in its e-commerce segment, along with growing same-store sales and income from Super Supplements stores acquired in the fourth quarter, helped boost the performance of Vitamin Shoppe Inc. during the fourth quarter and fiscal year 2013. On a year-over-year basis, fourth quarter net income grew 15.9% to $11.2 million from $9.7 million.
Net sales in the quarter grew 17% to $256.4 million from $218.9 million and same-store sales rose 4.6%. During the fiscal year, net income increased 9% to $66.5 million from $60.8 million. Net sales grew 15% to about $1.09 billion from $950 million. Same-store sales grew 3.5%.
In addition to 25% e-commerce growth during the fourth quarter, CEO Tony Truesdale also credited the acquisition of Super Supplements and opening of a new distribution center in Ashland, Va.
"We participate in an attractive growth industry,” said Truesdale. “We remain focused on our long-term top and bottom line results and continue to make investments to support our growth. Our business generates strong cash flow, and our balance sheet is solid providing significant financial resources."