GNC Holdings (GNC) Tops Q2 EPS by 1c; Guidance Suspended; CEO Resigns
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GNC Holdings, Inc. Reports Second Quarter 2016 Results
July 28, 2016 6:50 AM EDTPITTSBURGH, July 28, 2016 /PRNewswire/ -- GNC Holdings, Inc. (NYSE: GNC) (the "Company")  reported consolidated revenue of $673.2 million, a decrease of 2.4% as compared with consolidated revenue of $689.6 million for the second quarter of 2015. As previously announced, beginning in the second quarter of 2016 the Company changed its reportable segments. Revenue in the U.S. & Canada segment decreased by 2.0%, revenue in the International segment decreased 2.5%, and revenue in the Manufacturing/Wholesale segment, excluding intersegment sales increased 5.3%.
Same store sales decreased 3.7% in domestic company-owned... More
GNC Names Robert F. Moran Interim CEO
July 28, 2016 6:45 AM EDTPITTSBURGH, July 28, 2016 /PRNewswire/ -- GNC Holdings, Inc. (NYSE: GNC) (the "Company"), a leading global specialty retailer of health, wellness and performance products, today announced that its board of directors ("GNC Board") has appointed Robert F. Moran, an Independent Director of GNC and former Chairman and Chief Executive Officer of PetSmart, Inc. ("PetSmart"), as interim Chief Executive Officer, effective immediately. Mr. Moran replaces Michael G. Archbold, Chief Executive Officer, who is leaving the Company and has resigned from the GNC Board. Mr. Moran will remain on the GNC Board. The Company also announced that... More
