GNC Holdings (GNC) Reports In-Line Q4 EPS
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February 13, 2018 6:00 AM EST
PITTSBURGH, Feb. 13, 2018 /PRNewswire/ --Â GNC Holdings, Inc. (NYSE: GNC) (the "Company") reported consolidated revenue of $557.7 million in the fourth quarter of 2017, compared with consolidated revenue of $569.9 million in the fourth quarter of 2016. Excluding revenue for Lucky Vitamin of $20.7 million reported in the fourth quarter of 2016, fourth quarter 2017 consolidated revenue increased $8.5 million or 1.6% over the prior year quarter. Lucky Vitamin was sold on September 30, 2017, as previously disclosed.
Same store sales increased 5.7% in domestic company-owned stores (including GNC.com) in the fourth quarter of 2017. In... More
February 13, 2018 6:00 AM EST
PITTSBURGH, Feb. 13, 2018 /PRNewswire/ -- GNC Holdings, Inc. (NYSE: GNC) (the "Company") today announced it has reached an agreement regarding a strategic partnership and China joint venture agreement with Harbin Pharmaceutical Group Holding Co., Ltd ("Hayao"), a leading pharmaceutical company in China. Under the terms of the agreement Hayao will invest approximately $300 million in GNC, becoming the single largest shareholder in GNC (on an as converted basis). In addition, GNC and Hayao have agreed to form a joint venture for the manufacturing, marketing, sale and distribution of GNC-branded products in... More
