GNC net income slips in Q2

Pittsburgh – Net income at GNC Holdings Inc. slipped during the second quarter of fiscal 2014, falling 2% to $69.89 billion from $71.69 billion in the prior year period. For second quarter 2014, the company reported consolidated revenue of $675.2 million, a decrease of 0.2% as compared to consolidated revenue of $676.3 million for second quarter 2013.

Same-store sales in domestic corporate stores fell 4%. GNC cited factors including traffic challenges, slower industry growth, dependence on bundled promotions and lack of product innovation for its performance. For the full fiscal year, GNC expects flat revenue growth.

 

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