Pittsburgh, PA—GNC Holdings announced in a press release that as a result of the COVID-19 pandemic, the company has had to make “some difficult decisions” in order to protect the business’s long-term prospects. Measures taken include: A reduction in operating expenses including a hiring freeze and eliminating corporate merit increases...
Pittsburgh, PA—GNC has reported its fourth quarter and full year 2019 results, according to a press release. GNC reported consolidated revenue of $470.4 million in Q4, compared with $547.9 million in Q4 2018; the decrease in revenue, the press release says, is primarily a result of the transfer of the...
Pittsburgh, PA—GNC Holdings Inc. reported to the Securities Exchange Commission (SEC) that it does not expect to be able to generate enough revenue to meet payment demands for two impending debt obligations, according to the Pittsburgh Business Times. The Times quotes the filing: “…management has concluded there is substantial doubt...
Pittsburgh, PA—GNC has appointed Josh Burris as Chief U.S. Officer, effective December 2, 2019, according to a press release. Burris will be responsible for GNC’s retail and franchise operations, merchandising, supply chain strategy, and strategic partnerships in the United States. Burris has served as President and COO of AM Retail...
Pittsburgh, PA—GNC Holdings Inc. announced its partnership with BFG Brasil Comercial de Vitaminas LTDA, a professional retail operator, to help expand the company’s presence in Brazil, according to a press release. The partnership will allow GNC to grow its franchise presence outside the U.S. and reach more consumers in Latin...
Pittsburgh, PA--GNC Holdings announcced that its GNC Live Well Foundation teamed up with Operation Homefront to support military families as the kids head back to school. More than 600 GNC associates from the global headquarters location collected new school supplies, and the two organizations filled more than 300 backpacks for...
Pittsburgh, PA—GNC Holdings reported its second quarter 2019 results--including plans to close up to 900 stores. Q2 saw an adjusted net income of $18.3 million, an 8.3% increase compared with the second quarter 2018. Key updates include: U.S. and Canada achieved second consecutive quarter year-over-year operating income growth. GNC brand...
Pittsburgh, PA--GNC Holdings, Inc., announced leadership changes designed to support the company's ongoing repositioning of the business to drive growth and expand the GNC brand and product portfolio worldwide. Ryan Ostrom has been hired as Chief Brand Officer, responsible for leading GNC's brand, marketing, digital and e-commerce strategy. He will...
Irvine, CA—International Vitamin Corporation (IVC) announced in a press release that it formed a joint venture with GNC to integrate GNC’s Nutra manufacturing division into IVC’s operations. Nutra will be known as Nutra Manufacturing, LLC. Under the joint venture agreement, the press release said, IVC will assume control of manufacturing...
Pittsburgh, PA -- GNC released their third-quarter earnings and same-store sales were down 2.1%, including GNC.com. Tricia Tolivar, CFO of GNC, said on the earnings call that consolidated revenue was $580.2 million. It’s a decrease from the previous year’s $613 million, which Tolivar primarily attributed to the sale of LuckyVitamin in...
