GNC profit up in Q4; on track to open 300 net new stores globally
Pittsburgh -- GNC Holdings reported Thursday that net income for the fourth quarter rose to $37.7 million, compared with $18.8 million a year earlier.
Revenue increased 17% to $509.6 million in the quarter; domestic same-store sales rose 12.1%.
In 2012, GNC plans to open approximately 125 net new domestic retail locations, 15 net new domestic franchise locations, 150 net new international franchise locations, and 50 net new GNC-Rite Aid store-within-a-store locations.