GNC Holdings, Inc. announced consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenue of $640,994,000 as compared to $673,218,000 for the same period last year. Operating income was $39,820,000 as compared to $116,224,000 for the same period last year. Income before income taxes was $23,753,000 as compared to $100,949,000 for the same period last year. Net income was $15,661,000 as compared to $64,028,000 for the same period last year. Basic and diluted earnings per share was $0.23 as compared to $0.94 for the same period last year. Excluding non-cash long-lived asset impairment charges in the current quarter and gains on refranchising in the prior year quarter, adjusted EPS was $0.41 and $0.79 in the three months ended June 30, 2017 and 2016, respectively. Adjusted net income was $27,841,000 as compared to $53,786,000 for the same period last year. In the second quarter, the company generated $27 million in net cash from operating activities, invested $6 million in capital expenditures and generated $21 million of free cash flow.

For the six months, the company reported revenue of $1,285,832,000 as compared to $1,342,123,000 for the same period last year. Operating income was $93,373,000 as compared to $210,289,000 for the same period last year. Income before income taxes was $61,412,000 as compared to $180,571,000 for the same period last year. Net income was $39,511,000 as compared to $114,843,000 for the same period last year. Diluted earnings per share was $0.58 as compared to $1.62 for the same period last year. Net cash provided by operating activities was $72,850,000 as compared to $130,889,000 for the same period last year. Capital expenditures was $20,397,000 as compared to $20,809,000 for the same period last year. Excluding long-lived asset impairment charges and a legal charge in the current year period and gains on refranchising in the current and prior year periods, adjusted EPS was $0.77 in the six months ended June 30, 2017 compared with $1.48 in the six months ended June 30, 2016. Adjusted net income was $52,929,000 as compared to $104,598,000 for the same period last year.

For the quarter, the company reported long lived asset impairment of $19,356,000.

For the year 2017, the company expects CapEx to be in line with last quarter's estimates of $35 million to $40 million. The company continue to expect free cash flow to be in excess of $250 million for this year.