GNC Holdings Inc (GNC) Releases Earnings Results, Beats Expectations By $0.01 EPS

GNC Holdings Inc (GNC) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.79 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.78. The company posted revenue of $673.20 million in the period, compared to analysts expectations of $669.43 million. The company’s revenue was down -2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Many Wall Street Analysts have commented on GNC Holdings Inc. Piper Jaffray Initiated GNC Holdings Inc on May 10, 2016 to “Overweight”, Price Target of the shares are set at $38.GNC Holdings Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on May 5, 2016.

GNC Holdings Inc closed down -6.95 points or -25.52% at $20.28 with 1,16,59,938 shares getting traded on Thursday. Post opening the session at $26.39, the shares hit an intraday low of $20.08 and an intraday high of $26.58 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Nov 6, 2015, Tricia K. Tolivar (CFO) purchased 760 shares at $33.07 per share price.

GNC Holdings Inc. (GNC) is a specialty retailer of health and wellness products including vitamins minerals and herbal supplement products (VMHS) sports nutrition products and diet products. Its product mix is sold under its GNC brands including Mega Men Ultra Mega Total Lean Pro Performance and Pro Performance AMP and Beyond Raw and under third-party brands. It operates in three segments: Retail Franchise and Manufacturing/Wholesale. The Company’s retail generates revenues from sales of products to customers at Company-owned stores in the United States Canada and Puerto Rico and through its Websites and Franchise consists of its domestic and international franchise operations and generates revenues from franchise activities through product sales to franchisees royalties on franchise retail sales and franchise fees. Manufacturing/Wholesale comprises manufacturing operations in South Carolina and its wholesale sales business.

GNC Holdings Inc

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