Last $48.49 USD
Change Today +0.40 / 0.83%
Volume 160.0K
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As of 10:11 AM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

gnc holdings inc-cl a (GNC) Key Developments

GNC Holdings Inc. Announces Appointment of Tricia K. Tolivar as Executive Vice President and Chief Financial Officer, Effective March 2, 2015

On February 26, 2015, GNC Holdings Inc. announced that it will appoint Tricia K. Tolivar as it’s executive vice president and chief financial officer, effective March 2, 2015. Tolivar joins GNC with significant senior executive experience and finance expertise. She served in leadership positions with Ernst & Young, LLP from October 2007 to February 2015, including most recently as Americas Director of Finance, Advisory, with responsibility for the leadership of finance, accounting and operations of a $3 billion client service organization in North and South America.

GNC Holdings Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015; Plans to Open 125 Retail Stores in 2015

GNC Holdings Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company operating income of $88,481,000, income before income taxes was $76,760,000, net income of $51,768,000 or $0.58 diluted per share on revenue of $607,155,000 against operating income of $86,334,000, income before income taxes was $66,658,000, net income of $47,657,000 or $0.50 diluted per share on revenue of $611,535,000 for the same period a year ago. Adjusted net income was $53,945,000 or $0.61 diluted per share against $59,750,000 or $0.63 diluted per share for the same period a year ago. Revenue increased in the company's retail and franchise segments by 0.1% and 4.1%, respectively. Revenue decreased in the company's manufacturing/wholesale segment by 13.3%. Same store sales decreased 3.0% in domestic company-owned stores in the fourth quarter of 2014. In domestic franchise locations, same store sales decreased 2.6% in the fourth quarter of 2014. For the year, the company operating income of $439,512,000, income before income taxes was $392,804,000, net income of $255,872,000 or $2.81 diluted per share on revenue of $2,613,154,000 against operating income of $460,498,000, income before income taxes was $407,469,000, net income of $265,021,000 or $2.72 diluted per share on revenue of $2,626,761,000 for the same period a year ago. Adjusted net income was $261,340,000 or $2.87 diluted per share against $277,343,000 or $2.85 diluted per share for the same period a year ago. Net cash provided by operating activities was $303,785,000 against $239,446,000 for the same period a year ago. Capital expenditures were $70,455,000 against $50,247,000 for the same period a year ago, including $20 million to complete the build-out of new distribution center, primarily for new stores, store maintenance, updates in models, corporate IT infrastructure and manufacturing facility expenditures. Revenue increased in the Company's retail segment by 0.6%. Revenue decreased in the Company's franchise and manufacturing/wholesale segments, by 0.9% and 8.3% respectively. For the full year 2015, the company expects consolidated earnings per diluted share of approximately $3.10 to $3.15 and mid-single-digit increase in consolidated revenue. This is based on achieving a low single-digit increase in domestic company-owned same-store sales, including the impact of GNC.com. Contributions from initiatives associated with brand evolution, product and production and effective marketing are expected to build throughout 2015. Consequently, the company expects the same-store sales increase and a year-over-year consolidated EPS growth to be low in the first quarter of 2015. Depreciation & amortization of approximately $60 million, combined. Tax rate was approximately 36%. Capital expenditures are expected to be approximately $50 million. Over the long term, the company expects to continue to manage to existing leverage ratio as measured by existing debt-to-EBITDAR, which is a factor of 8 capitalized rent. The company expects to open approximately 125 total net new domestic, including both company-owned and franchise and retail segment locations. Approximately 150 net new international franchise locations and approximately 30 net new GNC Rite Aid stores-in-a-store locations.

GNC Holdings Inc., Q4 2014 Earnings Call, Feb 12, 2015

GNC Holdings Inc., Q4 2014 Earnings Call, Feb 12, 2015

GNC Holdings Inc. Appoints Michael Dzura as its Executive Vice President, Operations

On February 2, 2015, GNC Holdings Inc. appointed Michael Dzura as its Executive Vice President, Operations. Mr. Dzura, 59, joins GNC with over 30 years of senior executive operations experience, having most recently served as Senior Vice President of Store Operations for GameStop Corp. from 2007 to 2013.

The U.S. District Court Rules in Part that the Plaintiff Fails to Plead Fraud with the Required Particularity in a Lawsuit against Star Scientific Inc., Rock Creek Pharmaceuticals Inc. and GNC Holdings Inc

In a lawsuit arising out of the marketing of a pharmaceutical product, the U.S. District Court for the Northern District of Illinois ruled in part that the plaintiff failed to plead fraud with the required particularity. The complaint did not link specific misconduct to a specific defendant or discuss how the defendants' alleged misrepresentations were false. Star Scientific Inc., Rock Creek Pharmaceuticals Inc. and GNC Holdings Inc. produced and sold the pharmaceutical product Anatabloc. Anatabloc was allegedly marketed as a treatment for arthritis, Alzheimer's disease, diabetes, traumatic brain injury and multiple sclerosis and other ailments. Howard T. Baldwin, an Illinois citizen, purchased Anatabloc. He claimed that he quit buying Anatabloc because it 'did not work'. Baldwin sued the manufacturers, alleging violations of consumer protection statutes and breaches of express and implied warranties. The manufacturers moved to dismiss the complaint. They argued that Baldwin did not allege sufficient facts to satisfy pleading requirements with respect to his claims under Illinois law. The district court agreed.

 

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GNC

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Valuation GNC Industry Range
Price/Earnings 17.1x
Price/Sales 1.6x
Price/Book 5.6x
Price/Cash Flow 16.5x
TEV/Sales 1.1x
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