PITTSBURGH -- General Nutrition Companies here has announced a sharp decrease in net earnings for the third fiscal quarter ended Oct. 10. n in the year-ago period, a 25% fall-off. Basic earnings per share were 25 cents, compared with 30 cents in 1997. Operating earnings dropped by 15% to $37.7 million from $44.2 million last year. Third-quarter comparable-store sales decreased by 1.6% for corporately owned units and increased by 4.3% in U.S. franchise units. "Revenue growth in the ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.