NORTH BERGEN, N.J. (AP) — Vitamin Shoppe's net income climbed 14 percent in its fiscal first quarter as online sales continued to rise and a key revenue figure improved.
But the seller of vitamins, nutritional supplements and health and beauty products revised its full-year forecast for revenue at stores open at least a year, saying that it was taking a more cautious view because of weaker-than-expected April sales.
Vitamin Shoppe earned $20.8 million, or 68 cents per share, for the three months ended March 30. That compares with $18.3 million, or 61 cents per share, in the prior-year period.
Taking out acquisition-related costs, earnings were 72 cents per share.
Analysts surveyed by FactSet expected earnings of 69 cents per share.
Revenue for the North Bergen, N.J., company rose 13 percent to $279.1 million from $248.1 million as online sales climbed 16.1 percent. Wall Street forecast $281.1 million in revenue.
Revenue at stores open at least a year, a key gauge of a retailer's health, increased 4.5 percent. This figure excludes results from stores recently opened or closed.
But CEO Tony Truesdale said in a statement on Tuesday that April sales were a bit weaker than expected, so Vitamin Shoppe Inc. is now taking a more cautious view on the year. The company now foresees full-year revenue at stores open at least a year rising in the low-to-mid-single digits. It previously expected mid-single-digit percentage growth.
Its shares finished at $49.31 on Monday. They have traded in a 52-week range of $45.18 to $65.93.