-
Vitamin Shoppe's Q2 earnings leap 64%, to open 48 stores
North Bergen, N.J. -- Vitamin Shoppe reported Thursday that net income in the second quarter increased 64% to $11.95 million, compared with $7.3 million in the year-ago period. The retailer cited strong sales both in-store and online for its improved performance.
Revenue rose 12.3% to $215.9 million, topping Wall Street expectations. Same-store sales increased 8% in the quarter.
Vitamin Shoppe said it is on track to open 48 new stores in the fiscal year.
-
Jobless claims hit three-month low
Washington, D.C. -- A report released Thursday by the Labor Department said that jobless claims for last week dropped by 24,000 to 398,000, the fewest since April.
Initial claims from two weeks ago were revised up to 422,000 from an original reading of 418,000. Economists surveyed by MarketWatch had expected new requests for jobless benefits to fall to 413,000 in the latest week.