GNC operates a diversified multi-channel business model across company-owned retail stores, franchise operations, e-commerce, and corporate partnerships. The company has faced revenue headwinds in recent years, with revenue declining 5.57% to $1.81 billion in the most recent financial report (September 2024), though gross profit margins remain strong at 33.18% with production costs declining 10.22%.
Cyborg Score Rationale
GNC maintains a strong brand heritage and healthy gross margins, but faces significant operational challenges including declining revenues, delisting from NYSE following Chinese acquisition, and compressed net profitability (2.56% margin). The acquisition by Harbin Pharmaceutical represents a fundamental structural change in ownership and strategic direction.
Top Insights
Company was delisted from NYSE following acquisition by Harbin Pharmaceutical Group Holding Co. (April 2026)
Revenue declined 5.57% year-over-year to $1.81B (as of September 2024), reflecting ongoing retail headwinds
Gross profit margins remain healthy at 33.18% despite revenue pressure, indicating pricing power in core supplements
Net profitability compressed to 2.56% margin, suggesting SG&A and financing costs consume most gross profit gains
Named Competitors
Herbalife — Nutrition and weight management products
Vitamin Shoppe — Specialty retailer of vitamins and supplements
USANA Health Sciences — Nutritional, personal care, and weight-management products
Nu Skin Enterprises — Personal care and nutritional supplements
Vitacost — Online retailer of health and wellness products including dietary supplements
Vitamin World — Specialty retailer of vitamins, minerals and nutritional supplements
Recent Developments
(April 2026) Acquired by Harbin Pharmaceutical Group Holding Co. and delisted from NYSE
(September 2024) Revenue of $1.81B (down 5.57% YoY); EPS of $0.10 missed analyst estimate of $0.115
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