GNC Holdings Q1 Profit Declines - Quick Facts

(RTTNews) - GNC Holdings, Inc. (GNC), a specialty retailer of health and wellness products, reported Tuesday that its first-quarter net income was $69.9 million, or $0.75 per share, compared to $72.6 million, or $0.73 per share in the year-ago quarter.

On average, 12 analysts polled by Thomson Reuters expected earnings of $0.76 per share. Analysts' estimates typically exclude special items.

For the latest first quarter, consolidated revenue was $677.28 million, up 1.9% from last year's $664.69 million, while 11 analysts expected revenues of $695.89 million.

Same store sales decreased 0.7% in domestic company-owned stores in the first quarter of 2014.

Looking ahead for fiscal 2014, the company now expects consolidated earnings per share of approximately $3.05 - $3.10. Analysts now expect earnings of $3.20 per share.

Earlier, the company expected earnings of $3.18 per share to $3.24 per share.

The Company's Board of Directors declared a cash dividend of $0.16 per share of its common stock for the second quarter of 2014, payable on or about June 27, 2014 to stockholders of record at the close of business on June 13, 2014.