GNC Holdings Q4 Profit Rises - Quick Facts

(RTTNews) - GNC Holdings, Inc. (GNC), a specialty retailer of health and wellness products, reported Thursday that its fourth-quarter net income was $47.7 million, or $0.50 per share, compared to $47.4 million, or $0.47 per share in the year-ago quarter.

Adjusted net income for the quarter rose to $60.6 million or $0.63 per share from $49.8 million or $0.50 per share in the comparable quarter last year. On average, 14 analysts polled by Thomson Reuters expected earnings of $0.64 per share. Analysts' estimates typically exclude special items.

For the latest fourth quarter, consolidated revenue was $613.75 million, an increase of 8.7 percent from last year's $565.02 million, while 13 analysts expected revenues of $631.51 million.

Same store sales increased 5.0% in domestic company-owned stores in the fourth quarter of 2013 representing the Company's 34th consecutive quarter of positive same store sales growth. In domestic franchise locations, same store sales increased 3.3%.

Looking ahead for fiscal 2014, the company expects consolidated earnings per share of approximately $3.18 - $3.24, a 22 percent - a 12 percent to 14 percent increase over last year's adjusted earnings of $2.85 per share. Analysts now expect earnings of $3.46 per share.