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Sales & Earnings In Brief

This article was originally published in The Tan Sheet

Executive Summary

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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