Content about GNC Holdings

May 7, 2014

GNC Holdings reported that net income for the quarter ended March 31 dipped to $69.9 million, from $72.6 million in the year-ago period.

Pittsburgh -- GNC Holdings reported that net income for the quarter ended March 31 dipped to $69.9 million, from $72.6 million in the year-ago period.

Retail revenue grew 3.1% to $509.0 million, compared to $493.5 million for first quarter 2013, driven primarily by strength from the e-commerce sector. Consolidated revenue edged up 1.9% to $677.3 million. Same-store sales decreased 0.7%.

November 27, 2013

The board of directors of GNC Holdings has authorized a multi-year program to repurchase up to an aggregate $500 million of the company's Class A common stock.

Pittsburgh – The board of directors of GNC Holdings has authorized a multi-year program to repurchase up to an aggregate $500 million of the company's Class A common stock. The authorization is effective immediately.  The GNC may finance any repurchases with cash, potential financing transactions, or a combination of the foregoing.  

October 24, 2013

GNC Holdings reported strong results for the third quarter of fiscal 2013, reporting a net income increase of 17.3%, from $62.2 million to $73 million.

Pittsburgh – GNC Holdings reported strong results for the third quarter of fiscal 2013, reporting a net income increase of 17.3%, from $62.2 million to $73 million.

Revenue grew about 9%, from $621.6 million to $675.6 million. Same store sales increased approximately 6.7% in domestic company-owned stores (including GNC.com sales) in the third quarter of 2013, while in domestic franchise locations, same-store sales increased 5.9%.

October 2, 2013

GNC Holdings has acquired A1 Sports Limited, which operates under the Discount Supplements moniker.

Pittsburgh -- GNC Holdings has acquired A1 Sports Limited, which operates under the Discount Supplements moniker. The company is the leading multi-brand sports nutrition e-commerce retailer in the United Kingdom. Terms of the deal, which was funded with cash on hand, were not disclosed.
 
Following the acquisition, GNC.com, LuckyVitamin.com and Discount-supplements.co.uk will continue to operate as separate businesses, each with its own product offerings and target customers.

July 24, 2013

GNC Holdings has announced that it is expanding its retail presence in China with the opening of its first stand-alone store in Shanghai.

Pittsburgh — GNC Holdings has announced that it is expanding its retail presence in China with the opening of its first stand-alone store in Shanghai. GNC plans to open an additional 25 locations in China over the next 12 months.

The company currently operates more than 60 store-within-a-store locations in eight grocery, convenience and health and wellness chains in China.

 

April 26, 2013

GNC Holdings reported that net income for the quarter ended March 31 rose 12.5% to $72.6 million, compared with $64.5 million in the year-ago period.

Pittsburgh -- GNC Holdings reported Friday that net income for the quarter ended March 31 rose 12.5% to $72.6 million, compared with $64.5 million in the year-ago period.

Revenue increased 6.5% to $664.7 million, from $624.3 million last year. Same-store sales advanced 1.9% in domestic company-owned stores (including online sales).

 

February 19, 2013

GNC Holdings is bullish on expansion. Reporting impressive results for the fourth quarter, the retailer plans to open approximately 150 net new U.S. stores in 2013, along with 30 net new domestic franchise locations, and 175-200 net new international franchise locations.

Pittsburgh -- GNC Holdings is bullish on expansion. Reporting impressive results for the fourth quarter, the retailer plans to open approximately 150 net new U.S. stores in 2013, along with 30 net new domestic franchise locations, and 175-200 net new international franchise locations. It also will open 30 net new GNC-Rite Aid store-within-a-store locations.

July 26, 2012

GNC Holdings reported that net income for the quarter ended June 30 nearly doubled to $66.7 million, compared with $36 million for second quarter 2011.

Pittsburgh -- GNC Holdings reported Thursday that net income for the quarter ended June 30 nearly doubled to $66.7 million, compared with $36 million for second quarter 2011.

Consolidated revenue increased 19.4% to $619.1 million, and same-store sales increased 12.9% in domestic company-owned stores, representing the company's 28th consecutive quarter of positive same store sales growth. 
 

April 25, 2012

GNC Holdings reported that adjusted net income for the quarter ended March 31 surged 85% to $64.5 million, compared with $34.9 million a year earlier.

Pittsburgh -- GNC Holdings reported Wednesday that adjusted net income for the quarter ended March 31 surged 85% to $64.5 million, compared with $34.9 million a year earlier.

CEO Joe Fortunato attributed the results to double-digit retail same-store sales growth, a growth in proprietary new products and increased traffic.

Consolidated revenue for the quarter increased 23.4% to $624.3 million; same-store sales grew 15.8% in domestic company-owned stores (including GNC.com sales), and 18.4% in domestic franchise locations.

April 9, 2012

GNC Holdings announced the release of its new iPhone application and introduction to Android Market.

Pittsburgh -- GNC Holdings announced the release of its new iPhone application and introduction to Android Market. The application will follow GNC's successful entry into the smartphone marketplace with its March 2011 launch of the GNC iPhone application, which has received more than 100,000 downloads to date.

In addition to including even more mobile commerce features, the new app features health and wellness resources.

February 16, 2012

GNC Holdings reported that net income for the fourth quarter rose to $37.7 million, compared with $18.8 million a year earlier.

Pittsburgh -- GNC Holdings reported Thursday that net income for the fourth quarter rose to $37.7 million, compared with $18.8 million a year earlier.

Revenue increased 17% to $509.6 million in the quarter; domestic same-store sales rose 12.1%.

In 2012, GNC plans to open approximately 125 net new domestic retail locations, 15 net new domestic franchise locations, 150 net new international franchise locations, and 50 net new GNC-Rite Aid store-within-a-store locations.

July 13, 2011

GNC Holdings announced that it has made three promotions in its merchandising, marketing and store operations functions.

Pittsburgh -- GNC Holdings announced that it has made three promotions in its merchandising, marketing and store operations functions. The company also announced that David P. Berg has resigned, effective this September, from his position as COO to pursue other interests.

Thomas Dowd, a 22-year GNC veteran, has been promoted from executive VP store operations and development to executive VP chief merchandising officer, and general manager.

Jeffrey Hennion has been promoted from executive VP chief branding officer to executive VP and CMO.

June 21, 2011

GNC Holdings announced Monday that its president and chief merchandising and marketing officer Beth Kaplan has resigned the company.

Pittsburgh -- GNC Holdings announced Monday that its president and chief merchandising and marketing officer Beth Kaplan has resigned the company.

After three-and-a-half years in the position, Kaplan cited a desire to pursue personal interests as reason for the departure. She will also resign as a director of the company.

Joe Fortunato, CEO, will reassume the title of president of GNC.

In related news, Amy B. Lane has joined GNC Holdings’ board of directors, replacing Kaplan.