Investing.com - Vitamin Shoppe Inc (NYSE:VSI) shares set an all time low during Wednesday’s session after the company’s quarterly earnings miss and disappointing outlook sent investors running to the exits.
The vitamin and supplements retailer reported a second-quarter net loss was $156.4 million, or $6.73 a share, on revenue of $304.8 million. Adjusted earnings came in at 23 cents a share, missing analysts' forecast for 39 cents. Revenue missed analysts' expectations for $314.7 million.
While releasing its latest results, before the opening bell, the company also said that its same-store sales declined by 8.3%, above expectations for a 6.1% decline. The company revised its 2017 same-store sales outlook to "negative mid-single digits" from the previous guidance of "negative low- to mid-single digits."
Vitamin Shoppe's shares were down about 32% in after hours trade. They fell as low as $6.25 during the session an all time low.