- Update June 2020: GNC Holdings filed bankruptcy on June 23, 2020. Shares were delisted and moved to the "pink sheets" where value has slowly decayed awaiting bankruptcy settlement. The common is now trading below $0.15.
** charts before earnings **
** charts after earnings **
- Reports Q3 (Sep) earnings of $0.02 per share, excluding non-recurring items, $0.07 worse than the S&P Capital IQ Consensus of $0.09; revenues fell 5.4% year/year to $580 mln vs the $580.45 mln two analyst estimate.
- Same store sales decreased 2.1% in domestic company-owned stores (including GNC.com) in the third quarter of 2018. Excluding the impact of higher loyalty points redemption in the current quarter compared with the prior year quarter as the program matures, same store sales decreased 1.3%. In domestic franchise locations, same store sales decreased 4.1%.
- "During the third quarter, although our comparable same store sales were softer than Q2, we demonstrated our ability to respond to market dynamics and drive sales improvements progressively as we moved through the quarter," said Ken Martindale, GNC's chairman and CEO. "With the finalized terms of our partnership with Harbin, we have completed the first important step in strengthening our capital structure and accelerating our expansion in China.
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