GNC Holdings, Inc. (GNC - Free Report) reported third-quarter 2017 adjusted earnings per share (EPS) of 32 cents, reflecting a massive 45.8% year-over-year deterioration. Adjusted EPS also missed the Zacks Consensus Estimate by a penny. Per management, the hurricanes Harvey, Irma and Maria have dented the adjusted EPS figure to the tune of 2 cents.
The year-over-year decline can be attributed to a dull revenue performance in the reported quarter, primarily because of underperformance by the U.S. & Canada and manufacturing/wholesale segments.
Including one-time items, the company reported earnings of 31 cents per share, down 34% year over year.
Revenues
Revenues during the reported quarter dropped 2.9% year over year to $609.5 million. The figure also missed the Zacks Consensus Estimate of $616 million.
The lower sales at the U.S. & Canada and manufacturing/wholesale segments can be cited as the major reason for the disappointing numbers.
Same-store sales increased 1.3% in domestic company-owned stores (including GNC.com sales) in the third quarter of 2017. In domestic franchise locations, same-store sales declined 1.7%.
GNC Holdings, Inc. Price, Consensus and EPS Surprise
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 >>
GNC Holdings, Inc. (GNC - Free Report) reported third-quarter 2017 adjusted earnings per share (EPS) of 32 cents, reflecting a massive 45.8% year-over-year deterioration. Adjusted EPS also missed the Zacks Consensus Estimate by a penny. Per management, the hurricanes Harvey, Irma and Maria have dented the adjusted EPS figure to the tune of 2 cents.
The year-over-year decline can be attributed to a dull revenue performance in the reported quarter, primarily because of underperformance by the U.S. & Canada and manufacturing/wholesale segments.
Including one-time items, the company reported earnings of 31 cents per share, down 34% year over year.
Revenues
Revenues during the reported quarter dropped 2.9% year over year to $609.5 million. The figure also missed the Zacks Consensus Estimate of $616 million.
The lower sales at the U.S. & Canada and manufacturing/wholesale segments can be cited as the major reason for the disappointing numbers.
Same-store sales increased 1.3% in domestic company-owned stores (including GNC.com sales) in the third quarter of 2017. In domestic franchise locations, same-store sales declined 1.7%.
GNC Holdings, Inc. Price, Consensus and EPS Surprise
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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