GNC Holdings expected to release 2Q earnings next weekPosted on July 18, 2013 by Chi Ip
GNC Holdings (GNC) is expected to release 2Q earnings Monday July 22nd. Analysts expect the vitamin and nutrition product retailer to earn 0.70 per share on 673mm in revenue. The latest metrics from institutional insider proprietary metrics indicate a slight beat with stronger than seasonality demand heading into Q3.
On the year, GNC is up nearly 40% on consistently better guidance and stronger than expected same store sales. The trend will have to continue in order for shares to continue the upward pace. Competition has been hot with online retailers expected to grow sales nearly 13% year over year according to our proprietary data. NPD and credit processing data has also been strong for GNC but savvy institutional investors are cautious in modelling comps that may be too generous. Look for GNC to release slightly better than expected results but be wary of an outlook that may be softer than what some bullish analysts are predicting.