Skip to content

GNC credits Amazon, fewer promotions for earnings beat

April 18, 2017

GNC Holdings Inc. said that the Amazon.com Inc. marketplace the company launched is exceeding expectations, and helped boost the company’s first-quarter online sales.

GNC GNC, +24.72% shares soared in Tuesday trading after the company reported earnings that beat expectations. Adjusted earnings per share were 37 cents, beating the FactSet consensus of 34 cents. Revenue was $644.8 million, down from $668.9 million last year, but also exceeding the $623.0 million FactSet consensus. Same-store sales fell 3.9% for the quarter, including GNC sales on its website.

GNC shares closed Tuesday up 24.6%.

http://on.mktw.net/2oJAfHJ

Advertisements

From → Uncategorized

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: