Slipping Diet Market Reduces GNC Full-Year Sales
This article was originally published in The Tan Sheet
Executive Summary
Continued decreases in the diet category were offset by gains in other product groups, resulting in a 2% decline in GNC's 2005 consolidated revenues, the company reported during a fourth-quarter and year-end earnings call March 2
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GNC
Domestic comparable corporate store sales increased 8.1% for the fourth quarter, but decreased 1.5% for the full year, the supplement retailer announces Jan. 12. For franchise stores, sales increased 1.5% in the fourth quarter and decreased 4.8% for the full year. The company's comparable store sales "improved each successive quarter in 2005, finishing the year signficantly ahead of first quarter results," GNC states, attributing lower sales in early 2005 to "negative trends in the diet category." The firm is "very pleased with our progress in rebuilding our business in 2004"...
Avoiding GMP “Showstoppers” Keeps Manufacturers Off FDA’s “Radar”
Compliance consultants warn that certain dietary supplement good manufacturing practices violations are inspection "showstoppers" and will draw agency enforcement
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Compliance consultants warn that certain dietary supplement good manufacturing practices violations are inspection "showstoppers" and will draw agency enforcement