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 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!
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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 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!
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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