The major suppelement retailer GNC has reported its financial results for the first quarter of 2018, which brings about a number of interesting highlights. The most interesting news in the report is that GNC plans on closing approximately 200 stores as a part of its portfolio optimization.
A few other key pieces of information include a 12.3% membership increase in GNC’s loyalty program compared to December of 2017, and a $47.4 million (just over 7%) decrease in revenue compared to last year’s first quarter. You can read GNC’s full press release on the financial report on its website at gnc.com.
It is also worth checking out the video embedded above from Josh Schall of J. Schall Consulting and the great team over at PricePlow. It’s an informative 10-minute watch with Josh Schall breaking down the report and talking about a lot of the important details.
