Revenue Update on GNC Holdings Inc(NYSE:GNC)

GNC Holdings Inc(NYSE:GNC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $673.22M. Analysts estimated a revenue of $670.65M. Earnings per share were $0.79. Analysts had estimated an EPS of $0.78.

In a different note, Piper Jaffray said it Initiates Coverage on GNC Holdings Inc, according to a research note issued on May 10, 2016. The shares have been rated ‘Overweight’ by the firm. On May 5, 2016, Morgan Stanley said it Downgrades its rating on GNC Holdings Inc. The shares have been rated ‘Equal-weight’ by the firm.

GNC Holdings Inc (GNC) shares turned negative on Thursdays trading session with the shares closing down -0.19 points or -0.97% at a volume of 13,17,441. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.73. The peak price level was also seen at $19.73 while the days lowest was $19.13. Finally the shares closed at $19.32. The 52-week high of the shares is $51.69 while the 52-week low is $18.92. According to the latest information available, the market cap of the company is $1,321 M.

Several Insider Transactions has been reported to the SEC. On Nov 6, 2015, Tricia K. Tolivar (CFO) purchased 760 shares at $33.07 per share price.

GNC Holdings Inc. (GNC) is a specialty retailer of health and wellness products including vitamins minerals and herbal supplement products (VMHS) sports nutrition products and diet products. Its product mix is sold under its GNC brands including Mega Men Ultra Mega Total Lean Pro Performance and Pro Performance AMP and Beyond Raw and under third-party brands. It operates in three segments: Retail Franchise and Manufacturing/Wholesale. The Company’s retail generates revenues from sales of products to customers at Company-owned stores in the United States Canada and Puerto Rico and through its Websites and Franchise consists of its domestic and international franchise operations and generates revenues from franchise activities through product sales to franchisees royalties on franchise retail sales and franchise fees. Manufacturing/Wholesale comprises manufacturing operations in South Carolina and its wholesale sales business.

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