GNC Holdings (GNC) Q2 Earnings Top Estimates, Sales Drop Y/Y
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 8,905 locations.
Currently, GNC Holdings has a Zacks Rank #3 (Hold) but that could change following its second quarter 2018 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 14 cents per share. GNC Holdings’ second quarter 2018 adjusted earnings per share of 20 cents exceeded this estimate by 42.9%.
GNC Holdings, Inc. Price and EPS Surprise
GNC Holdings, Inc. Price and EPS Surprise | GNC Holdings, Inc. Quote
Sales: GNC Holdings posted sales of $617.9 million in the reported quarter, a 4.9% drop on a year-over-year basis.
Key Stats: Revenues in U.S. and Canada segment decreased 2% to $517.3 million. Revenues from manufacturing/wholesale segment (excluding intersegment revenue) decreased 7.2%, to $52 million. Revenues in the International segment increased 11.0% to $48.6 million.
Major Factors: Per management, GNC Holdings saw year-over-year decline in revenues primarily due to the sale of Lucky Vitamin on Sep 30, 2017, which resulted in a $22.6 million reduction to revenues.
Stock Price: Following the earnings release, share prices gained 11.11% 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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