GNC reports 4Q loss
Associated PressFebruary 16, 2017
PITTSBURGH (AP) _ GNC Holdings Inc. (GNC) on Thursday reported a fourth-quarter loss of $433.4 million, after reporting a profit in the same period a year earlier.
The Pittsburgh-based company said it had a loss of $6.35 per share. Earnings, adjusted for one-time gains and costs, were 7 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The nutritional supplement retailer posted revenue of $569.9 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $569.7 million.
For the year, the company reported a loss of $286.3 million, or $4.12 per share, swinging to a loss in the period. Revenue was reported as $2.54 billion.
GNC shares have decreased 25 percent since the beginning of the year. The stock has declined 70 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap)
using data from Zacks Investment Research. Access a Zacks stock report on GNC at https://www.zacks.com/ap/GNC