GNC Holdings Inc. on Thursday posted dismal results for its fourth quarter and said it was suspending its quarterly dividend in a move to reduce its debt.
The nutritional supplements retailer posted a loss of $433.4 million compared to a profit of $42.9 million in the year-ago period.
The loss reflected a 12% decrease in domestic company-owned same-store sales and also expenses related to the new “One New GNC” rebranding initiative.. . . more