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GNC will expand in 2008

This article was originally published in The Tan Sheet

Executive Summary

The Pittsburgh-based nutritional products retailer will open 100 new stores in 2008 with a focus on franchises, according to a Dec. 5 announcement. The expansion will help GNC capitalize on the growing supplement industry, the firm says, noting that 65 percent of adult Americans consistently take dietary supplements, according to data from Ipsos Public Affairs. The new stores will add to GNC's recent achievements, which include opening its 1,000th international store and being named by Entrepreneur magazine as the top franchise in the vitamins category for the 18th consecutive year...

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Sales & Earnings In Brief

GNC: Fourth-quarter revenues for General Nutrition Centers increased 7.6 percent to $376.1 million as sales grew in each business segment, the firm reports March 6. Full-year results included $1.55 billion in revenues, an increase of 4.4 percent over 2006. For the October-December period, GNC product sales at other retail sites grew 3.6 percent while sales at its franchise venues increased by 9.1 percent and the firm's manufacturing/wholesale sales increased 41.6 percent, according to an earnings release. The Pittsburgh-based firm previously announced plans to open 100 new stores in 2008 with a focus on franchises (1"The Tan Sheet" Dec. 10, 2007, In Brief). The firm is an indirect wholly-owned subsidiary of GNC Parent LLC, which was acquired in March 2007 for $1.65 billion by affiliates of Ares Management LLC and Ontario Teachers' Pension Plan Board (2"The Tan Sheet" Feb. 12, 2007, p. 9)...

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