Tags: Stock | Vitamin | Shoppe | Profit

Stock of Vitamin Shoppe Falls Most Since 2009 as Deal Hurts Profit

Tuesday, 26 Feb 2013 04:43 PM

Shares of Vitamin Shoppe Inc. fell the most since its 2009 market debut after the supplements retailer reported fourth-quarter profit that trailed analysts’ estimates and said a recent acquisition will hurt earnings this year.

The shares tumbled 19 percent to $51.44 at Tuesday's close in New York, for the biggest one-day drop since October 2009. The North Bergen, New Jersey-based company had gained 10 percent this year through Monday, while the Standard & Poor’s Smallcap 600 Index advanced 5.2 percent.

Vitamin Shoppe, with more than 580 company-operated stores, said in a statement that transaction and integration costs related to the $50 million acquisition of Seattle-based retailer Super Supplements Inc., which closed this month, will reduce profit by 3 cents a share this year.

Fourth-quarter profit rose 2.8 percent to $9.68 million, or 32 cents a share, from $9.41 million, or 32 cents, a year earlier. The average of 14 analysts’ estimates compiled by Bloomberg was 40 cents. Sales advanced 1.9 percent to $218.9 million. Analysts estimated $223.8 million, on average.

Results in the quarter included 8 cents a share in costs related to Hurricane Sandy, startup costs in Canada and the Super Supplements takeover.

© Copyright 2017 Bloomberg News. All rights reserved.

 
1Like our page
2Share
InvestingAnalysis
Shares of Vitamin Shoppe Inc. fell the most since its 2009 market debut after the supplements retailer reported fourth-quarter profit that trailed analysts' estimates and said a recent acquisition will hurt earnings this year.
Stock,Vitamin,Shoppe,Profit
194
2013-43-26
Tuesday, 26 Feb 2013 04:43 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved