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GNC Holdings profit up 17%

Pittsburgh – GNC Holdings reported strong results for the third quarter of fiscal 2013, reporting a net income increase of 17.3%, from $62.2 million to $73 million.

Revenue grew about 9%, from $621.6 million to $675.6 million. Same store sales increased approximately 6.7% in domestic company-owned stores (including GNC.com sales) in the third quarter of 2013, while in domestic franchise locations, same-store sales increased 5.9%.

Looking ahead, GNC expects to make some major supply chain investments in 2014, including opening a fourth distribution center serving domestic stores, located near Indianapolis, in the first half of next year.

In addition, in October of this year GNC transitioned to a third party pooled carrier product transportation network and away from its private fleet, a move expected to produce $5 million in annual pretax savings.

© 2014