GNC Holdings (GNC) Misses Q1 EPS by 6c; SSS Down 4.1%

GNC Holdings (NYSE: GNC) reported Q1 EPS of $0.75, ex-items, $0.06 worse than the analyst estimate of $0.81. Revenue for the quarter came in at $670.2 million versus the consensus estimate of $694.32 million.

Same store sales decreased 4.1% in domestic company-owned stores (including GNC.com sales) in the first quarter of 2015. In domestic franchise locations, same store sales decreased 1.5% in the first quarter of 2015.

Mike Archbold, Chief Executive Officer noted, "While we are disappointed in the decline of our domestic same store sales, we have identified appropriate sales recapture initiatives to address and reverse this trend. Additionally, our continued efforts to improve gross margin sets the stage for better flow-through on sales for the remainder of the year. Notwithstanding, while we remain confident in and committed to executing our strategic plan, given recent volatility in our business we believe it is prudent to widen the range of our 2015 earnings outlook."

Sees FY 2015 EPS of $3.00 to $3.15 versus the consensus of $3.15.

For earnings history and earnings-related data on GNC Holdings (GNC) click here.

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