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GNC Holdings profit misses consensus by 20.9% in Q3

GNC Holdings Inc. said its third-quarter normalized net income was 57 cents per share, compared with the S&P Capital IQ consensus estimate of 71 cents per share.

EPS fell 20.7% year over year from 71 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $38.6 million, a decrease of 35.5% from $59.9 million in the year-earlier period.

The normalized profit margin declined to 6.2% from 8.8% in the year-earlier period.

Total revenue fell 8.1% on an annual basis to $628.0 million from $683.4 million, and total operating expenses decreased from the prior-year period to $551.3 million from $573.9 million.

Reported net income fell 29.2% on an annual basis to $32.1 million, or 47 cents per share, from $45.3 million, or 54 cents per share.