GNC Holdings, Inc. (GNC Quick QuoteGNC - Free Report) 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 promising third 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 71 cents per share. GNC Holdings’ adjusted earnings per share of 59 cents missing this estimate by 16.9%.

Sales: GNC Holdings posted sales of $628.0 million, missing the Zacks Consensus Estimate for revenues of $648 million.

Key Stats: Domestic franchise revenue decreased $2.4 million to $85.8 million in the current quarter compared with $88.2 million in the prior year quarter. Revenues from manufacturing/wholesale segment (excluding intersegment revenue) decreased 0.5%, to $61.3 million compared with $61.6 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 did not show any movement in the pre-market trading session.

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