GNC Makes Change At Helm As Revenue Decline Continues
This article was originally published in The Rose Sheet
Executive Summary
The firm reports lower second-quarter revenues across its retail operations, domestically and internationally, and for company and franchise stores, and a 2.4% drop in consolidated revenues to $673.2m. Same-store sales, including its website, were off 3.7% and net income slipped 5% to $64m.
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