GNC's FISCAL 1993 REVENUES CLIMB 20.4% TO $546.3 MIL.
This article was originally published in The Tan Sheet
Executive Summary
GNC's FISCAL 1993 REVENUES CLIMB 20.4% TO $546.3 MIL. on the strength of existing-store sales growth and the dietary supplement chain's aggressive franchise program, General Nutrition Companies announced March 7. "Retail, which operated 1,044 company-owned stores at year-end, increased its same-store sales by an average of 12.5% in 1993 and 13.9% in the fourth quarter," GNC stated. "Franchising opened 223 stores in 1993, for a total of 509, with 141 additional stores awarded but not yet open."