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GNC Holdings Q2 profit falls 19.8% YOY

GNC Holdings Inc. said its second-quarter normalized net income came to 77 cents per share, compared with the S&P Capital IQ consensus estimate of 78 cents per share.

In the prior-year period, the per-share result came in at a profit of 76 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $52.5 million, a decline of 19.8% from $65.5 million in the prior-year period.

The normalized profit margin fell to 7.8% from 9.5% in the year-earlier period.

Total revenue declined on an annual basis to $673.2 million from $689.6 million, and total operating expenses came to $573.5 million, compared with $573.3 million in the prior-year period.

Reported net income declined 5.3% year over year to $64.2 million, or 94 cents per share, from $67.8 million, or 79 cents per share.