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GNC Holdings (GNC) Q2 Earnings Top Estimates, Sales Drop Y/Y
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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 8,905 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%.
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!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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GNC Holdings (GNC) Q2 Earnings Top Estimates, Sales Drop Y/Y
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 8,905 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!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>