PITTSBURGH -- General Nutrition Companies here has announced a sharp decrease in net earnings for the third fiscal quarter ended Oct. 10.
n in the year-ago period, a 25% fall-off. Basic earnings per share were 25 cents, compared with 30 cents in 1997.
Operating earnings dropped by 15% to $37.7 million from $44.2 million last year.
Third-quarter comparable-store sales decreased by 1.6% for corporately owned units and increased by 4.3% in U.S. franchise units.