Vitamin Shoppe profit more than triples in Q3
North Bergen, N.J. Vitamin Shoppe reported Wednesday that profit for the quarter ended Sept. 25, surged 256% to $7.2 million, compared with net income of $2 million in the year-ago period.
Revenue rose 11.3% to $187.4 million, from $168.4 million in the prior year. Same-store sales increased 7.1%.
The vitamin retailer operates 472 stores, and it said it expects to add 48 new stores in 2011 and invest approximately $23 million in capital expenditures.