Vitamin Shoppe Q4 profit soars 57%, plans 52 new stores in 2012
North Bergen, N.J. -- Vitamin Shoppe reported Tuesday that net income for the fourth quarter surged 57% to $9.4 million from $6 million a year earlier, boosted by strong online results and an extra week in the fiscal calendar.
The vitamin retailer, which saw revenue climb 19% to $214.9 million in the quarter, said it is planning to open 52 new stores in 2012.
"Our growth plan is on track, and we are successfully executing on our business model," said CEO Tony Truesdale. "We continue to invest in the marketing initiatives which are driving customers to our stores and to our website. I am pleased that our results exceeded our expectations."
Online revenue grew 13.2%, and same-store sales rose 6.5%.
For the full year, profit leaped 54% to $44.9 million, and revenue rose 14% to $856.6 million. Same-store sales rose 7.4%.