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GNC credits Amazon, fewer promotions for earnings beat

April 18, 2017

GNC Holdings Inc. said that the 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%.


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