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GNC Recruiting Cites Weak Economy, Promotes Strength Of Supplements

This article was originally published in The Tan Sheet

Executive Summary

General Nutrition Centers sees rising unemployment as an opportunity to attract new franchise owners

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Sales & Earnings In Brief

GNC profit jumps: General Nutrition Centers says sales increases in each of its three business segments drove a 167 percent increase in its third-quarter net income to $16.3 million. The Pittsburgh-based specialty retailer Nov. 11 says its retail sales grew 3.2 percent to $298.8 million, accounting for 73.2 percent of it total sales of $414.2 million. Sales at GNC franchises were up 2.7 percent to $67.5 million and revenues from manufacturing and wholesale operations increased 19.4 percent to $47.9 million. GNC also reports that during the July-September period it made $7.1 million in non-cash adjustments related to the March 2007 merger of its owners, Ares Management affiliates and the Ontario Teachers' Pension Plan Board (1"The Tan Sheet" Feb. 12, 2007, p. 9). Because Ares and the OTPPB took GNC privately through the merger, the company does not report per-share earnings

Covid-19 Scam Complaints Double In A Week, But FTC Enforcement Considers 'Good Faith' Factor

FTC pursuing bogus health and other products or services capitalizing on Covid-19 fear with scams skyrocketing. However, FTC says its enforcement will consider whether businesses are making good faith efforts to produce products in high demand.

DHS Guidance Smooths Potential Wrinkles In US Supplement Industry Being ‘Essential’ Nationwide

VMS businesses are deemed essential in Department of Homeland Security guidance that provides as basis for orders by most states and localities across the US. During an AHPA webinar, attorney Trent Norris says the federal government prefers leaving business exemptions to shut-down decisions to the states.





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