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GNC Holdings (GNC) Misses Earnings Estimate, Sales in Line
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GNC Holdings, Inc. (GNC - 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 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%.
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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GNC Holdings (GNC) Misses Earnings Estimate, Sales in Line
GNC Holdings, Inc. (GNC - 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 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!
Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>