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GNC (General Nutrition Center) what's behind their resurgence?
Posted on 4/18/17 at 5:47 pm
Posted on 4/18/17 at 5:47 pm
LINK
Shares of nutrition retailer GNC soared closed up over 24 percent Tuesday, on the heels of the company reporting quarterly earnings and revenue that beat Street estimates.
GNC announced Tuesday morning it had earnings of 35 cents on sales of $645 million for the first quarter of 2017, topping Thomson Reuters' estimates of 34 cents on revenue of $627 million.
Wasn't too long ago where most people said online supplement stores are going to shut these stores down.
Shares of nutrition retailer GNC soared closed up over 24 percent Tuesday, on the heels of the company reporting quarterly earnings and revenue that beat Street estimates.
GNC announced Tuesday morning it had earnings of 35 cents on sales of $645 million for the first quarter of 2017, topping Thomson Reuters' estimates of 34 cents on revenue of $627 million.
Wasn't too long ago where most people said online supplement stores are going to shut these stores down.
3
Posted on 4/18/17 at 5:57 pm to Paul Allen
Assuming one of the factors is their new pricing structure that went into effect around the start of the year. Lowered prices across the board to compete with online and got rid of the gold card.
Posted on 4/18/17 at 6:06 pm to LesU
Was the gold card a hindrance to success?
Posted on 4/18/17 at 7:43 pm to Paul Allen
Gold card gave discounts the first week of each month. Basically no one shppped there the other 3 weeks.
Posted on 4/18/17 at 8:02 pm to Shenanigans
That or you forgot about that day lol
Posted on 4/18/17 at 9:05 pm to Paul Allen
quote:
Wasn't too long ago where most people said online supplement stores are going to shut these stores down.
You can buy all GNC products online direct, from Amazon or many other online places.
Posted on 4/18/17 at 10:36 pm to Paul Allen
Sports nutrition items don't have huge markups or profit gains (protein, pre workout, etc)
On the other hand, gnc THRIVES on sales of their "vitamins", sport vitamins, etc etc. people buy those like candy and the markup is a huge profit gainer.
Fwiw; I worked at gnc back in high school and saw price sheets. Those vita packs that can't stay on the shelves for longer than a week had a markup of about $40 EACH.
On the other hand, gnc THRIVES on sales of their "vitamins", sport vitamins, etc etc. people buy those like candy and the markup is a huge profit gainer.
Fwiw; I worked at gnc back in high school and saw price sheets. Those vita packs that can't stay on the shelves for longer than a week had a markup of about $40 EACH.
This post was edited on 4/18/17 at 10:39 pm
Posted on 4/18/17 at 10:44 pm to Tres7139
also, they're commission based. and believe it or not, the employees could care less about your health.
product A that i knew was a better product only had between a $1-$3 commission. product B on the other hand (GNC brand) had a $6-$8 commission. i always convinced customers to get GNC brand products because they made me the most money.
product A that i knew was a better product only had between a $1-$3 commission. product B on the other hand (GNC brand) had a $6-$8 commission. i always convinced customers to get GNC brand products because they made me the most money.
This post was edited on 4/19/17 at 1:32 am
Posted on 4/19/17 at 1:26 am to Tres7139
quote:
i always convinced customers to get GNC brand products because they made me the most money.
Sleezeball
quote:
could careless
Did you ever go back to finish your GED?
Posted on 4/19/17 at 1:31 am to Paul Allen
quote:
Sleezeball
Eh, you'll be alright.
quote:
GED
Simple typo but I actually have my CRNA.
Posted on 4/19/17 at 1:35 am to Tres7139
Good for you. Have a goodnight.
Posted on 4/19/17 at 3:27 pm to Paul Allen
You asked, I told. You think everyone who sells you something honestly gives two shits about what you're buying unless it makes them money? Welcome to business.
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