August 12, 2011, 2:20 PM

GNC web sales get an energy boost in Q2

The health and nutrition products retailer posted a 43% increase in online sales.

Lead Photo

General Nutrition Centers Inc. flexed its sales muscles across the board in the second quarter.

For the quarter ended June 30, GNC, No. 227 in the Internet Retailer Top 500 Guide, reported:

  • Web sales of $19.4 million, a 42.8% increase from $13.6 million in the second quarter of 2010.
  • Total retail sales of $384.3 million, up by 12.1% from $342.8 million.
  • Total sales, including franchise and wholesale segments, of $518.5 million, up by 13.8% from $455.7 million.
  • Comparable-store sales, which include e-commerce, increased 10.7% in domestic company-owned stores (including e-commerce).
  • Net income of $36.0 million, up by 41.7% from net income of $25.4 million for the second quarter of 2010.

Internet Retailer calculates the web accounted for 5% of total retail sales for the quarter, compared with 4% in Q2 of 2010.

“We saw strength in our core merchandise categories and accelerated growth in our e-commerce business,” says Joe Fortunato, president and CEO.

For the first six months GNC reported:

  • Online sales of $39.6 million, up by 38.5% from $28.6 million for the same period in 2010.
  • Total retail sales of $768.0 million, a 10.7% increase from $693.6 million.
  • Total sales of $1.024 billion, up by about 11.3% from $920.7 million.
  • Comparable-store sales increased 9% in domestic company-owned stores (including e-commerce).
  • Net income of $45.9 million, a 10.1% decrease from net income of $51.1 million in the first six months of 2010.

Internet Retailer calculates the web accounted for 5.2% of total retail sales for the period, compared with 4.1% in the first half of 2010.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Deepak Agarwal / E-Commerce

Back-to-school insights from a Top 100 online retailer

It’s the second-largest online shopping season, and one nomorerack.com CEO pays close attention to. Here ...

FPO

Kevin Sterneckert / E-Commerce

The ghost economy: an $800 billion retail data disconnect

A new twist on a classic holiday story that online retailers will relive in the ...

Advertisement