GNC Holdings misses by $0.01, reports revs in-line
- Reports Q3 (Sep) earnings of $0.32 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus of $0.33; revenues fell 2.9% year/year to $609.47 mln vs the $614.08 mln Capital IQ Consensus.
- Same store sales increased 1.3% in domestic company-owned stores (including GNC.com sales) in the third quarter of 2017. In domestic franchise locations, same store sales decreased 1.7%.
- Key Updates
- Transaction growth continued in the third quarter, up 12.4%, resulting in positive same store sales of 1.3%.
- As of October 25, 2017, 9.6 million consumers had joined the Company's loyalty programs, of which approximately 585,000 were enrolled in the PRO Access membership.
- As of September 30, 2017, the Company's cash and cash equivalents were $40.1 million, long-term debt was $1.4 billion and the Company had $246.1 million available under the Revolving Credit Facility.
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