gnc holdings inc-cl a (GNC) Key Developments
MusclePharm Strengthens Retail Presence with GNC
Jun 24 14
MusclePharm Corporation announced an expanded relationship with GNC to carry all of MusclePharm's brands -- MusclePharm(R) Hybrid and Core Series, Arnold Schwarzenegger Series(TM) and FitMiss(R) -- on a dedicated wall in all of GNC's U.S. corporate stores. The new initiative is expected to begin during MusclePharm's 2014 third quarter.
Michael M. Nuzzo Resigns as Executive Vice President & Chief Financial Officer of GNC Holdings, Inc
Jun 13 14
GNC Holdings Inc. announced Michael M. Nuzzo, Executive Vice President & Chief Financial Officer, has tendered his resignation in order to accept an executive position at a private equity funded consumer products company. Mr. Nuzzo will remain with the company at least through July 18, 2014, which will include preparation of its second quarter 2014 earnings release and 10Q.
GNC Holdings Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Year 2014
May 6 14
GNC Holdings Inc. announced consolidated unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue of $677,276,000 against $664,691,000 a year ago. Operating income was $121,255,000 against $124,520,000 a year ago. Income before income taxes was $109,724,000 against $113,505,000 a year ago. Net income was $69,903,000 against $72,643,000 a year ago. Income per basic and diluted share was $0.75 against $0.73 a year ago. Net cash provided by operating activities was $123,131,000 against $95,527,000 a year ago. Capital expenditures were $12,849,000 against $9,917,000 a year ago. The company generated $109.7 million in free cash flow. Increase in operating income percentage in the quarter was driven primarily by a higher mix of proprietary product sales.
The company provided earnings guidance for the year 2014. For the year, the company expects consolidated earnings per diluted share of approximately $3.05 - $3.10 for the full year 2014, a 7% to 9% increase over 2013 Adjusted EPS of $2.85. Key assumptions underlying EPS guidance are: a mid-single digit increase in consolidated revenue for 2014; modest full year consolidated gross profit margin expansion.
GNC Holdings Inc. Declares Cash Dividend for the Second Quarter of 2014, Payable on or About June 27, 2014
Apr 30 14
GNC Holdings Inc. declared the quarterly cash dividend for the second quarter of 2014 of $0.16 per share of the company's common stock. The dividend will be paid on or about June 27, 2014 to stockholders of record as of the close of business on June 13, 2014.
GNC Russia Presents at Milken Institute Global Conference 2014, Apr-30-2014 10:00 AM
Apr 27 14
GNC Russia Presents at Milken Institute Global Conference 2014, Apr-30-2014 10:00 AM. Venue: Lon Angeles, California, United States. Speakers: Alexander Kovaler, Co-Founder and Chairman.