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News Breaks
July 17, 2014
10:12 EDTVSI, GNCGNC drops after analyst downgrades on sales concerns
Shares of vitamins and supplements retailer GNC (GNC) are falling after research firm Jefferies downgraded the stock to Hold from Buy in a note to investors today. WHAT'S NEW: The growth of vitamins and supplements sales appear to be slowing, as sales of the products were "flattish" in Q2 and rose only 1% through the four weeks ending July 5, wrote Jefferies analyst Mark Wiltamuth. Until recently, sales of the products had risen at a 6%-10% annual clip for years, the analyst reported. GNC will also face a hit following the FDA's crack down on a pre-workout supplement called DMAA, as the supplement accounted for 8% of the company's sales, Wiltamuth believes. Additionally, the company faces a tough comparison in Q2, as it launched its Gold Card discount plan in the second quarter of 2013, the analyst noted. Warning that GNC's comparative sales could drop in Q2 and Q3, Wiltamuth thinks anemic sales growth could hurt its margins. He slashed his price target on the name to $39 from $50. PRICE ACTION: In early trading, GNC shares fell 82c, or 2.3% to $34.78. One of GNC's competitors, Vitamin Shoppe (VSI), lost 0.7% to $42.72.
News For GNC;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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