GNC Holdings' Rough Q3 Sends Investors Fleeing and Its Stock 19% Lower [The Motley Fool]
GNC ACQUISITION HOLDINGS (GNC)
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Source: The Motley Fool
Adjusted earnings per share plunge from the prior year and miss analysts' estimates. Here's what investors need to know. Daniel Miller ( TMFTwoCoins ) Nov 12, 2018 at 12:17PM What happened Shares of GNC Holdings Inc . ( NYSE:GNC ) , a global health and wellness retailer known for performance and nutritional supplements, had plunged 19% as of 10:58 a.m. EST on Monday after the company released third-quarter results. So what GNC reported revenue of $580.2 million during the third quarter, lower than the prior year's $613 million, but it was the bottom line that had investors pressing the sell button. Adjusted earnings per share checked in at $0.02, missing analysts' estimates calling for $0.04 and a far cry from the prior year's $0.32 result. Same-store sales in domestic company-owned stores, including GNC.com, declined 2.1% during the third quarte
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