Shaun Currie, CFA
Long/short equity, hedge fund analyst, momentum

Vitamin Shoppe: Quarterly Earnings Help Investment Thesis Play Out

Vitamin Shoppe (NYSE:VSI) reported quarterly earnings this morning, sending the shares up 11%. The main item to note from the post-earnings conference call is that the company gave guidance for 2014, which was above analysts' estimates. Overall, I was pretty happy with the call, but because of the move in the stock combined with somewhat muted expectations on margins, I am encouraging investors to trim their position at these levels. Let's get into the details of the call.

2014 Guidance was the Key

In my previous article, I noted that estimates for 2014 seemed too low. This, combined with the stock's high short interest, created an opportunity for upside once the company gave 2014 guidance. As part...

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