Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Nyse  >  GNC Holdings Inc    GNC

Delayed Quote. Delayed  - 07/31 04:04:58 pm
49.21 USD   +3.43%
07/30DJGNC to Shift More Toward Franchises; Shares Jump
06/10 GNC HOLDINGS IN : ex-dividend day
03/11 GNC HOLDINGS IN : ex-dividend day
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

GNC to Shift More Toward Franchises; Shares Jump

07/30/2015 | 10:15am US/Eastern

GNC Holdings Inc. shares rose Thursday as it said it would shift more toward franchise locations, which have shown recent strength, though the company also reported earnings and revenue below Wall Street views for its latest quarter.

Shares were up 10.6% in midday trading to $46.81.

GNC said it expects to increase the proportion of new stores that are franchise locations and swap some company-owned stores to franchises. Other companies, such as restaurant chains Wendy's Co., Burger King Worldwide Inc. and DineEquity Inc.'s Applebee's, have recently been selling more company-owned restaurants to franchisees to help ensure more predictable cash flow and higher margins.

GNC also reduced the top end of its outlook for the year, saying it sees earnings of $3 to $3.10 a share, down from its April guidance of $3 to $3.15 a share.

For the quarter ended June 30, the company reported earnings of $67.4 million, or 79 cents a share, compared with $69.9 million, or 77 cents a share, a year earlier. Revenue rose 0.5% to $678.5 million, but same-store sales in domestic company-owned stores fell 2.8%.

Analysts polled by Thomson Reuters were looking for earnings of 80 cents a share on $683 million in revenue.

Revenue in the company's franchise segment increased 7.5%, helped by increased third-party wholesale product sales to domestic franchise operations.

But revenue in the retail segment dipped 0.3%, hurt by lower same-store sales. Revenue in the company's manufacturing and wholesale segment decreased 5.6%, hurt by lower third-party contract manufacturing revenue.

Write to Neil Haggerty at neil.haggerty@wsj.com

React to this article
Latest news on GNC HOLDINGS INC
07/30DJGNC to Shift More Toward Franchises; Shares Jump
06/10 GNC HOLDINGS INC : ex-dividend day
03/11 GNC HOLDINGS INC : ex-dividend day
02/12 FOUR RETAILERS PULL SOME DIETARY AID : Nyt
2014 GNC HOLDINGS INC : ex-dividend day
2014 GNC : Change in Directors or Principal Officers (form 8-K)
2014 GNC : Announces Quarterly Dividend
2014 GNC : Reports Quarterly Dividend
2014 GNC : Results of Operations and Financial Condition (form 8-K/A)
2014 GNC : beats 3Q profit forecasts
Advertisement
Chart
Duration : Period :
GNC Holdings Inc Technical Analysis Chart | GNC | US36191G1076 | 4-Traders
Income Statement Evolution
More Financials