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GNC Holdings, Inc. Announces Share Repurchase Program



            GNC Holdings, Inc. Announces Share Repurchase Program

PR Newswire

PITTSBURGH, June 19, 2012

PITTSBURGH, June 19, 2012 /PRNewswire/ -- GNC Holdings, Inc. (NYSE: "GNC")
(the "Company"), a leading global specialty retailer of health and wellness
products, today announced that its Board of Directors has authorized a program
to repurchase up to an aggregate $300 million of the Company's Class A common
stock.  The Company expects any repurchases under the program to commence on
or about July 31, 2012 and occur over the following twelve months.  The
Company may finance any repurchases with cash, potential financing
transactions, or a combination of the foregoing.  The Company has completed
its repurchase of all 500,000 shares previously authorized by the Board.

(Logo:  http://photos.prnewswire.com/prnh/20110302/NE57701LOGO )

Joe Fortunato, President and CEO stated "This action reaffirms our commitment
to creating shareholder value and reflects the evolution of our total
shareholder return approach to managing capital structure. We remain confident
in the fundamental strength of our business, including our ability to generate
cash flow to support continued growth and to create value for shareholders
through the combination of dividends and opportunistic share repurchases."

The Company is authorized to repurchase from time to time shares of its
outstanding common stock on the open market or in privately negotiated
transactions. The timing and amount of stock repurchases will depend on a
variety of factors, including the market conditions as well as corporate and
regulatory considerations. The share repurchase program may be suspended,
modified or discontinued at any time and the Company has no obligation to
repurchase any amount of its common stock under the program. The company
intends to make all repurchases in compliance with applicable regulatory
guidelines and to administer the plan in accordance with applicable laws,
including Rule 10b-18 of the Securities Exchange Act of 1934, as amended.

About GNC

GNC Holdings, Inc., headquartered in Pittsburgh, Pa., is a leading global
specialty retailer of health and wellness products, including vitamins,
minerals and herbal supplement products, sports nutrition products and diet
products, and trades on the New York Stock Exchange under the symbol "GNC."

As of March 31, 2012, GNC has more than 7,700 locations, of which more than
5,900 retail locations are in the United States (including 928 franchise and
2,146 Rite Aid franchise store-within-a-store locations) and franchise
operations in 56 countries (including distribution centers where retail sales
are made).  The Company – which is dedicated to helping consumers Live Well –
has a diversified, multi-channel business model and derives revenue from
product sales through company-owned retail stores, domestic and international
franchise activities, third party contract manufacturing, e-commerce and
corporate partnerships.  The Company's broad and deep product mix, which is
focused on high-margin, premium, value-added nutritional products, is sold
under GNC proprietary brands, including Mega Men®, Ultra Mega®, GNC Total
Lean, Pro Performance® and Pro Performance® AMP, and under nationally
recognized third party brands.

This release contains certain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 with respect to our
financial condition, results of operations and business that is not historical
information. Forward-looking statements can be identified by the use of
terminology such as "subject to," "believes," "anticipates," "plans,"
"expects," "intends," "estimates," "projects," "may," "will," "should," "can,"
the negatives thereof, variations thereon and similar expressions, or by
discussions of strategy and outlook. While the Company believes there is a
reasonable basis for its expectations and beliefs, they are inherently
uncertain, and the Company may not realize its expectations and its beliefs
may not prove correct.  The Company undertakes no obligation to publicly
update or revise any forward-looking statement, whether as a result of new
information, future events or otherwise. Actual results could differ
materially from those described or implied by such forward-looking statements.
For a listing of factors that may materially affect such forward-looking
statements, please refer to the Company's Annual Report on Form 10-K for the
year ended December 31, 2011 filed with the Securities and Exchange
Commission.

Contacts:

Investors:
Michael M. Nuzzo, Executive Vice President and CFO
(412) 288-2029

or

Dennis Magulick, Senior Director – Treasury & Investor Relations
(412) 288-4632

 

SOURCE GNC Holdings, Inc.
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