Vitamin Shoppe (VSI) Misses Q1 EPS by 11c; Trims FY15 EPS Outlook; Approves Common Buyback Plan
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May 6, 2015 6:05 AM EDT
NORTH BERGEN, N.J., May 6, 2015 /PRNewswire/ -- Vitamin Shoppe, Inc. (NYSE: VSI), a multi-channel specialty retailer and manufacturer of nutritional products, today announced preliminary results for the three months ended March 28, 2015. Total net sales in the first quarter increased 9.4% to $336.8 million compared to $307.8 million in the same period of the prior year. Reported fully-diluted earnings per share in first quarter 2015 were $0.63, compared with $0.67 in first quarter 2014.
Commenting on the quarter's results, Colin Watts, recently appointed Chief Executive Officer of the Company stated, "Our first quarter results were both below our... More
May 6, 2015 6:01 AM EDT
NORTH BERGEN, N.J., May 6, 2015 /PRNewswire/ --Â Vitamin Shoppe, Inc. a multi-channel specialty retailer and contract manufacturer of nutritional products, today announced that its Board of Directors approved a share repurchase program that enables the company to purchase up to $100 million of its shares of common stock over the next three years. This authorization is in addition to approximately $26 million remaining, as of May 5, 2015, under the existing $100 million share repurchase authorization, which was announced in August 2014.
Commenting on the Board's action, Colin Watts, the Vitamin Shoppe's recently appointed, CEO stated, "This new repurchase program, the second... More
