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GNC to invest in supply chain following third quarter results

GNC plans to make some major supply chain investments in 2014, including opening a fourth distribution center serving domestic stores, located near Indianapolis, following strong results for the third quarter.

The company reported a net income increase of 17.3%, from $62.2 million to $73 million.

Revenue grew about 9%, from $621.6 million to $675.6 million. Same store sales increased approximately 6.7% in domestic company-owned stores, including GNC.com sales, in the quarter, while in domestic franchise locations, same-store sales increased 5.9%.

Earlier this month, GNC switched to a third-party pooled carrier product transportation network and away from its private fleet, a move expected to produce $5 million in annual pretax savings.

 

 

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