Vitamin Shoppe Earnings: Higher Than Expected

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Vitamin Shoppe Inc. (NYSE:VSI) reported net income above Wall Street’s expectations for the third quarter. Vitamin Shoppe is a retailer and direct marketer of vitamins, minerals, herbs, supplements, sports nutrition and other health and wellness products.

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Vitamin Shoppe Inc. Earnings Cheat Sheet

Results: Net income for Vitamin Shoppe Inc. rose to $16.3 million (54 cents per share) vs. $11.9 million (40 cents per share) in the same quarter a year earlier. This marks a rise of 36.8% from the year-earlier quarter.

Revenue: Rose 14.4% to $239 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Vitamin Shoppe Inc. beat the mean analyst estimate of 46 cents per share. Analysts were expecting revenue of $241.8 million.

Quoting Management: Tony Truesdale, Chief Executive Officer of the Company commented, “We reported another quarter of strong growth while also investing for the future. We are pleased with our business, our positioning and our consistent and predictable results. The third quarter represented our 28th consecutive quarter of positive comparable store sales.”

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 14.6%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 19.2% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the second quarter, net income rose 38.8% and in the first quarter, the figure rose 57.6%.

The company has now surpassed analyst estimates for four quarters in a row. It beat the mark by 4 cents in the second quarter, by 4 cents in the first quarter, and by 6 cents in the fourth quarter of the last fiscal year.

Looking Forward: Analysts appear increasingly optimistic about the company’s results for the next quarter. The average estimate for the fourth quarter has moved up from 39 cents a share to 40 cents over the last ninety days. For the fiscal year, the average estimate has moved up from $1.98 a share to $2.02 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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