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February 14, 2014
10:42 EDTGNC, VSI, VITCGNC Holdings plummets after profit outlook disappoints
Shares of GNC Holdings (GNC), a health and wellness products retailer, are plunging after the company’s fourth quarter results missed estimates and it forecast much weaker than expected full year profit. WHAT'S NEW: Last night, GNC Holdings reported Q4 adjusted earnings per share of 63c and revenue of $613.7M, compared to expectations of 64c and $631.5M, respectively. Same store sales increased 5.0% in domestic company-owned stores in Q4. In domestic franchise locations, same store sales increased 3.3%. WHAT’S NOTABLE: The company forecast fiscal 2014 profit of $3.18-$3.25, far below consensus of $3.46. GNC expects a high single digit increase in consolidated revenue for 2014, compared to consensus of $2.9B. In issuing its guidance, the company noted it saw a “very challenging” retail environment in January and February. ANALYST REACTION: This morning, analyst commentary was mixed. Wells Fargo and Jefferies lowered their respective price targets on the shares following the company's weaker than expected Q4 results and outlook. Conversely, JP Morgan said the pullback in the shares represented a buying opportunity. Though JP Morgan lowered its price target for shares to $58 from $62, the firm kept an Overweight rating on GNC. PRICE ACTION: In morning trading, GNC Holdings dropped $6.61, or 12.6%, to $45.78 on nearly six times its average daily trading volume. Despite today’s slide, the stock has gained approximately 15% over the past twelve months. OTHERS TO WATCH: Other companies that offer health and wellness products include (VITC) and Vitamin Shoppe (VSI).
News For GNC;VITC;VSI From The Last 14 Days
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February 11, 2016
13:37 EDTGNCOptions with decreasing implied volatility
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07:00 EDTGNCGNC Holdings expects to repurchase 6%-8% of shares outstanding in FY16
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06:58 EDTGNCGNC Holdings sees FY16 EPS $3.15-$3.35, consensus $3.19
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06:54 EDTGNCGNC Holdings reports Q4 SSS up 0.8%
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06:53 EDTGNCGNC Holdings reports Q4 adjusted EPS 63c, consensus 62c
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February 10, 2016
14:32 EDTGNCNotable companies reporting before tomorrow's open
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February 9, 2016
11:00 EDTGNCTPG-Axon reports 6.3% passive stake in GNC Holdings
February 1, 2016
16:12 EDTGNCGNC Holdings increases dividend 11.1% to 20c
GNC Holdingsdeclared the quarterly cash dividend for Q1 of 20c per share of the company's common stock, representing an 11.1% increase over its prior quarterly dividend. The dividend will be paid on or about March 25 to stockholders of record as of the close of business on March 11.

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