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GNC exploring options — including sale
GNC Holdings Inc. announced Monday it is undertaking a strategic review whose options could include a sale of the company.
The health-and-wellness retailer said it is also considering accelerated refranchising strategies, partnerships and other collaborations, and capital structure optimization. The announcement comes on the heels of disappointing first quarter results.
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Publix posts strong Q1
Publix Super Markets on Monday turned in another winning revenue performance, reporting $8.7 billion in sales for its first quarter, up 4.5% from $8.3 billion in the year ago period. Same-store sales rose 3.3%.
Net earnings were up to $581.9 million, up 6% over the same period last year.
It was the first quarterly report issued under new CEO Todd Jones. Former chief executive Ed Crenshaw retired Friday after 42 years with the company and nearly eight as CEO.