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GNC Q2 profit up
Pittsburgh -- GNC Holdings Inc.'s second-quarter net income rose nearly 8% amid strong sales.
During the three months that ended June 30, GNC's income rose to $71.7 million, from $66.7 in the year-ago period. Its results beat expectations.
Revenue increased 9.2% to $676.3 million from $619.1 million a year ago. Same-store sales rose 6.8% at company-owned stores and 5.2% at franchise locations.
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Hershey has sweet outlook for 2013 based on Q2 results
HERSHEY, Pa. — Core brand growth and new products in U.S. and key international markets bolstered Hershey Company’s second quarter results for the period ended June 30. The company reported consolidated net sales of $1.5 billion for the quarter, a 6.7% increase from $1.4 billion for same quarter a year ago.
Hershey’s reported net income for the quarter was $159 million or $0.70 per share-diluted, compared with $135 million or $0.59 per share-diluted for the comparable period of 2012.