GNC has weak Q1

Pittsburgh – GNC Holdings Inc. demonstrated some weakness during the first quarter of fiscal 2015 with shrinking profit and revenue. Net income dropped 9% to $63.27 million from $69.9 million a year earlier, driven by rising selling, general and administrative (SG&A) expenses.



Net revenue fell slightly to $670.25 million from $674.46 million. Same-store sales decreased 4.1% in domestic company-owned stores (including GNC.com sales). In domestic franchise locations, same-store sales decreased 1.5%.



Looking ahead, GNC expects a low single-digit increase in consolidated revenue for the full year 2015. This is based on domestic company-owned same-store sales that range from a low-single digit decline to flat for second quarter 2015, and for a low-single-digit increase for the remainder of 2015. All same-store sales expectations include the impact of GNC.com.