GNC's Deal-Making Savvy Attracts Street In Second Quarter: Stock Up 66.5%
This article was originally published in The Tan Sheet
Executive Summary
General Nutrition Companies' recent moves to increase its mass market presence and streamlined GNC alliances with Rite Aid and drugstore.com helped boost the stock 66.5% in the second quarter to 23-5/16, up 9-5/16, outperforming the rest of "The Tan Sheet" Index. The retailer has been shedding non-core specialty chains to focus on the mass market, the area of greatest growth for dietary supplements.