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GNC Results Slumped, And Then Coronavirus Pandemic Spread Uncertainty Across 2020

 
• By Malcolm Spicer

Refinancing its debt and reducing its network of stores also expected as drags on 2020 earnings, GNC says. No avoiding the coronavirus pandemic, though, during its earnings briefing; with uncertainty brought on by the pandemic added to other headwinds, it didn’t offer guidance on its 2020 results.

GNC-sign

A novel coronavirus wasn’t affecting [GNC Holdings Inc.]’s sales in the 2019 fourth quarter, but, in the first earnings report by a major US consumer health product firms since the spread of Covid-19 began, the firm made clear the global pandemic will be among its major 2020 problems.

Refinancing its debt and reducing its network of company-owned stores also are expected as drags on its earnings in 2020, according to the nutrition, health and

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