Vitamin Shoppe confirms plans to open 48 stores in fiscal year
NORTH BERGEN, N.J. — Vitamin Shoppe said during its second-quarter earnings release that it is on track to open 48 stores in the fiscal year.
The chain opened its 500th store, located in St. Peters, Mo., in April.
On Thursday, Vitamin Shoppe reported that its net income rose 64% to $11.6 million in the quarter, compared with $7.3 million in the year-ago period. The retailer cited strong sales both in-store and online for its improved performance.
Revenue rose 12.3% to $215.9 million, topping Wall Street expectations. Same-store sales increased 8% in the quarter.