Vitamin Shoppe focusing on digital
The Vitamin Shoppe's transformation strategy helped the company boost its digital sales in the third quarter.
For the three months ended Sept., 29, total net sales at Vitamin Shoppe were $276.6 million compared to $282.4 million in the same period of the prior year. Same store sales decreased 2%. But digital comparable net sales, which includes vs.com and Auto Delivery, increased 22.1% in the quarter.
"The team is making progress against the priorities outlined earlier this year. Sales and margins are improving and the organization is steadfast in our ability to improve these metrics further. Progress has also been made with our vendors, which has allowed us to test new categories as well as bring new and exclusive products to market," said Sharon Leite, CEO.
Earnings per share was 8 cents, compared to a loss per share from continuing operations of $3.60 in the same period of the prior year.
"We are taking transformative, strategic actions to expeditiously turn around the company and position us to drive sustainable growth. The team has made progress as evidenced by our achievements to date, however there is still much more work to do" Leite added.
Reported net loss was $1.7 million for third quarter 2018 compared to net loss of $86.2 million in the same period of the prior year. Net income from continuing operations was $1.9 million compared to a net loss from continuing operations of $83.4 million in third quarter 2017.
The company operates more than 775 company-operated retail stores under The Vitamin Shoppe and Super Supplements retail banners.