Vitamin Shoppe Prunes Slow-Sellers, Accelerates Additions To Lineup
This article was originally published in The Rose Sheet
Manufacturer and retailer reports Q2 total net sales down 1.1% to $293.1m but its diluted EPS was 30 cents after a $6.73 loss in the year-ago period. Operating income was $5.2m after reporting a $152.4m loss a year ago and its reported net income was $7.2m compared to a $156.4m net loss.
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One month into being owned by investment firm, VSI launches Vthrive The Vitamin Shoppe brand of “simply clean” vitamins, minerals, supplements, and essential oils and is opening stores inside locations of national gym chain LA Fitness.
Sharon Leite has been Godiva Chocolatier president in North America since October 2017 will begin as Vitamin Shoppe CEO on Aug. 27. The firm agreed to part ways with former CEO Colin Watts in February after it reported 2017 net sales down 8.5% to $1.2bn for a net loss of $252.2m and $10.90 per share.