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GNC Holdings (GNC) Misses Earnings Estimate, Sales in Line

Highs and Lows Stock Data

GNC Holdings, Inc . GNC is a leading global specialty retailer of health, wellness and performance products, including vitamins, minerals and herbal supplement products ("VMHS"), sports nutrition products and diet products. The company has a worldwide network of more than 8,900 locations.

Currently, GNC Holdings has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 2016 earnings report which has just released. (You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here ).We have highlighted some of the key details from the just-released announcement below:

Earnings : The current Zacks Consensus Estimate is pegged at 37 cents per share. GNC Holdings' adjusted earnings per share of 7 cents missing this estimate grossly by 81.1%.

Full-year 2016 adjusted earnings came in at $2.15 per share which has also lagged behind the Zacks Consensus Estimate of $2.46 by 12.6%.

GNC Holdings, Inc. Price and EPS Surprise

GNC Holdings, Inc. Price and EPS Surprise | GNC Holdings, Inc. Quote

Sales : GNC Holdings posted sales of $569.9 million, which is almost in line with the Zacks Consensus Estimate for revenues of $570 million.

Full-year 2016 revenues came in at $2.54 billion which is also in line with the Zacks Consensus Estimate figure.

Key Stats : Domestic franchise revenue increased $3.2 million to $72.6 million in the current quarter compared with $69.4 million in the prior year quarter. Revenues from manufacturing/wholesale segment (excluding intersegment revenue) decreased 7.4%, to $57.7 million compared with $62.3 million in the prior year quarter.

Major Factors : Domestic same store sales declined due to continued challenges in the vitamin and food/drink categories. Notably, operating income as a percentage of segment revenue decreased due to lower intersegment sales, which resulted in unfavorable manufacturing variances contributed to lower margins.

Stock Price : Following the earnings release, share prices dropped 3.85% in the pre-market trading session.

Check back later for our full write up on this GNC Holdings earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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