GNC reports increase in Q2 net income, EBITDA
PITTSBURGH General Nutrition Centers reported a 42.5% increase in net income for its second quarter ended June 30.
GNC said Tuesday that its net income totaled $25.6 million, compared with $18 million in the year-ago period. Adjusted EBITDA for second quarter 2010 was $68.6 million, an 18.1% increase over the adjusted EBITDA of $58.1 million for second quarter 2009.
In the second quarter, the company opened 13 net new domestic cmpany-owned stores, 1 net new company-owned store in Canada, 43 net new international franchise locations, and 49 net new franchise store-within-a-store Rite Aid locations, and closed nine net domestic franchise locations. As of June 30, GNC operated more than 7,100 locations, of which more than 5,500 retail locations are in the United States (including 892 franchise and 1,972 Rite Aid franchise store-within-a-store locations), and franchise operations in 50 countries.
GNC CEO Joe Fortunato said, “Our second-quarter results demonstrate the continued momentum of the business and our ability to consistently grow revenue and adjusted EBITDA. Beyond the core business, I am also pleased with our ongoing corporate partnership initiatives, such as our previously announced venture with Pepsi and our most recent project with PetSmart. As a leader in the health-and-wellness industry focused on science and innovation, GNC is well positioned to continue to build on the valued brand that gives us an edge in the marketplace and allows us to continue to enhance financial leverage.”
Bausch & Lomb promotes Biotrue with contest
ROCHESTER, N.Y. Bausch & Lomb is promoting its latest lens care product by encouraging Americans to find visual inspiration in their surroundings.
The company said it tapped journalist Lisa Ling to promote its Biotrue multi-purpose solution and its “Inspiration in Your Eyes” contest, where consumers can share a story about the U.S. location most visually inspiring to them. The grand prize winner will receive an all-expense-paid trip for two to one of the top 10 most visually inspiring places in the United States. Additionally, Bausch & Lomb is offering free admission on Friday, Aug. 13, to visitors at the Aquarium of the Bay in San Francisco with an unobstructed view of the Golden Gate Bridge, the Space Needle in Seattle and the John Hancock Observatory in Chicago, as well as free ferry tickets to view the Statue of Liberty in New York.
“My work as a journalist has afforded me the opportunity to travel to some of the most visually inspiring sites in the world,” said Lisa Ling, global traveler and host of National Geographic’s “Ultimate Explorer.” “I am thrilled to be a part of the Biotrue brand initiative to encourage Americans to find visual inspiration by exposing them to breathtaking imagery at some of the finest attractions in our country.”
Added Lisa VanDeMark, VP brand marketing, U.S. vision care, Bausch & Lomb, “Just as we sought inspiration from the eye in developing Biotrue, we are encouraging consumers to embrace visual inspiration and recognize the importance of healthy lens care.”
Biotrue, featuring a clear bottle that allows you to track how much solution remains, comes in a range of sizes and can be found at most nationwide food, drug and mass retailers.
Lansinoh unveils Affinity double electric breast pump
ALEXANDRIA, Va. Lansinoh has introduced its latest breast-feeding tools in line with National Breast-feeding Awareness Month.
The new Lansinoh Affinity double electric breast pump allows breast-feeding mothers to provide breastmilk from both breasts simultaneously.
“For a breast-feeding mom who wants to continue to provide breastmilk for her baby upon returning to work, expressing her milk is necessary to keep up her milk supply and is one way that she can leave her milk behind for her baby,” said Gina Ciagne, certified lactation counselor and director of breast-feeding and consumer relations for Lansinoh. “Essentially, a pump is designed to mimic as closely as possible the way a baby feeds. It signals the body to release the milk by stimulation to the breast. Make no mistake, pumping can never completely replicate a baby feeding at the breast, though it is important that a pump be as efficient as possible to comfortably stimulate milk let-down.”
The breast pump carries a suggested retail price of $150 and is available at Walmart and other retailers nationwide.