GNC predicts second-quarter decline, citing vitamin E shortage, soft herbal sales.
This article was originally published in The Tan Sheet
Executive Summary
GNC PREDICTS 3-6% DECLINE IN COMPARABLE COMPANY-OWNED STORES in the second quarter that ends on July 20, the vitamin and dietary supplement retailer warned in a May 28 release. General Nutrition said it expects to "show improvement in comparable store sales in the third quarter and further improvement in the fourth quarter but not to previously anticipated levels."