GNC Holdings misses by $0.29, reports revs in-line; suspends quarterly dividend:
- Reports Q4 (Dec) earnings of $0.07 per share, excluding non-recurring items, $0.29 worse than the Capital IQ Consensus of $0.36; revenues fell 7.8% year/year to $569.9 mln vs the $571.79 mln Capital IQ Consensus.
- Revenue in the U.S. and Canada segment decreased $41.1 million, or 8.0%, to $472.6 million for the three months ended December 31, 2016 compared with $513.7 million in the prior year quarter.
- Revenues in the International segment decreased $9.0 million, or 18.5%, to $39.7 million in the current quarter compared with $48.7 million in the prior year quarter.
- Revenues in the Manufacturing / Wholesale segment, excluding intersegment sales, decreased $4.6 million, or 7.4% to $57.7 million for the three months ended December 31, 2016 compared with $62.3 million in the prior year quarter.
- Co suspends dividend (was Div/yield 0.20/10.96):
- By suspending what has been a $0.20 per share quarterly dividend, the Company intends to reallocate approximately $55 million of cash annually, primarily to reduce debt through the pay-down of its revolver.
- Peers include: Vitamin Shoppe (VSI).
No comments:
Post a Comment