GNC Q2 profit up

Pittsburgh -- GNC Holdings Inc.'s second-quarter net income rose nearly 8% amid strong sales. 

During the three months that ended June 30, GNC's income rose to $71.7 million, from $66.7 in the year-ago period. Its results beat expectations. 

Revenue increased 9.2% to $676.3 million from $619.1 million a year ago. Same-store sales rose 6.8% at company-owned stores and 5.2% at franchise locations.

"GNC continues to consistently deliver strong year-over-year results, while making meaningful investments in the business. We are well positioned for sustained long-term growth — capitalizing on our leadership position in the marketplace — and continue to execute a strong capital return to shareholder program," Joe Fortunato, chairman, president and CEO, stated.

Recommended stories

Login or Register to post a comment.