PITTSBURGH _ GNC Holdings Inc. on Thursday reported net income of $32.4 million in the third quarter, down from $45.8 million for the same period in 2015.
Revenue and same store sales were also down.
In a statement, Robert F. Moran, interim CEO of the Pittsburgh-based company, said the results "fell short of our expectations, but we have been moving quickly to address the key issues that are critical to returning GNC to growth."
He added, "We are focused on eliminating confusion regarding our product pricing" while improving its loyalty program.
