GNC Revenues Fall

Pittsburgh, GNC Corp., which operates General Nutrition Center retail stores, announced that revenues have fallen as sales of diet products slumped.

The health supplements retailer said that domestic same-store sales fell, primarily in the diet category, but the sales drops were partially offset by an increase in sports nutrition product sales.

Another contributor to falling sales numbers is a decrease in the number of stores. Since its last reporting period in March, GNC has 12 fewer domestic, company-owned stores and 83 fewer domestic franchised locations.

The company reported 2Q consolidated revenues of $333.3 million, down 4.1% from the prior year. Net income dropped by more than half.

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