GNC shares soar 50% after bullish outlook, but analysts have reservations [MarketWatch]
GNC ACQUISITION HOLDINGS (GNC)
Last gnc acquisition holdings earnings: 3/24 06:02 pm
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Source: MarketWatch
GNC shares soar 50% after bullish outlook, but analysts have reservations GNC Holdings Inc. shares soared an eye-popping 51.6% in Thursday trading after the company gave a premarket profit outlook that exceeds expectations. But Deutsche Bank analysts warn that there could be trouble ahead for the health and performance-products chain. “GNC continues to face structural challenges, including greater competitive pressure within the vitamin/supplement category from both bricks-and-mortar and online players,” wrote Shane Higgins. GNC GNC, +51.59% expects fourth-quarter adjusted earnings per share in the range of 24 cents to 25 cents, up from 7 cents last year. Same-store sales for domestic company-owned stores, including the website, are expected to be up 5.7%. Read: Wal-Mart offers customers a new opioid crisis solution: Get rid of old meds safely, at home, for free GNC announced in December that it had hired Goldman Sachs to explore business alternatives. GNC said Thursday that pro
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