GNC sales increase
This article was originally published in The Tan Sheet
Executive Summary
General Nutrition Centers sales advanced 6.7 percent in 2008 to $1.66 billion, the Pittsburgh-based nutritional supplements retailer announces March 19. Earnings before income taxes, depreciation and amortization for the year were $212.2 million, compared to $125.5 million in 2007, when the firm absorbed a number of costs associated with the 2007 acquisition of the firm's parent company (1"The Tan Sheet" Feb. 12, 2007, p. 9). In the fourth quarter, consolidated revenues increased 4.2 percent to $391.7 million, with growth recorded in each of the firm's business segments. Fourth quarter EBITDA was relatively flat at $45.8 million, the firm says
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General Nutrition Centers sales advanced 6.7 percent in 2008 to $1.66 billion, the Pittsburgh-based nutritional supplements retailer announces March 19. Earnings before income taxes, depreciation and amortization for the year were $212.2 million, compared to $125.5 million in 2007, when the firm absorbed a number of costs associated with the 2007 acquisition of the firm's parent company (1 (Also see "GNC To Be Acquired For $1.65 Bil. By Ares, Ontario Teachers’ Pension Plan" - Pink Sheet, 12 Feb, 2007.), p. 9). In the fourth quarter, consolidated revenues increased 4.2 percent to $391.7 million, with growth recorded in each of the firm's business segments. Fourth quarter EBITDA was relatively flat at $45.8 million, the firm says. |