- Vitamin Shoppe (NYSE:NYSE:VSI) reports total comparable sales rose 0.1% in Q3.
- Retail comp were 0.1% for the period.
- E-commerce comparable sales grew 0.6%.
- Segment sales: Retail: $270.21M (+3.8%); Direct: $31.25M (-0.3%); Manufacturing: $20.69M (+3.8%).
- Gross margin rate improved 190 bps to 33.4%.
- SG&A expense rate increased 60 bps to 25.4%, driven by Nutri-Force, higher store payroll and benefits, and depreciation and amortization expense.
- Adjusted operating margin rate expanded 20 bps to 8%.
- Store count +47 Y/Y to 748.
- FY2015 Guidance: Net sales: ~+5%; Total comp sales: ~flat; New stores: ~50; Adjusted EPS: $2.05 to $2.15.