By a News Reporter-Staff News Editor at Investment Weekly News -- Vitamin Shoppe, Inc. (NYSE: VSI), a multi-channel specialty retailer of nutritional products, announced preliminary results for the three months ended June 28, 2014. Total net sales in the second quarter increased 9.6% to $306.2 million compared to $279.5 million in the same period of the prior year. Reported fully-diluted earnings per share in second quarter 2014 were $0.55, compared with $0.60 in second quarter 2013. Excluding non-operating items in both periods, adjusted earnings per share was $0.62 in second quarter 2014 and $0.60 in second quarter 2013.
Commenting on the quarter's results, Tony Truesdale, Chief Executive Officer of the Company stated, "Our products and marketing efforts resonated with consumers and drove traffic to both our stores and website. I am pleased that new customer growth contributed to another quarter of double-digit e-commerce growth for the company. These efforts are being reflected in total comparable sales, which were positive for the 35(th) consecutive quarter. Additionally, during the quarter we took a significant step to drive future growth with the acquisition of Nutri-Force, a contract manufacturer of vitamins, minerals and supplements. Being vertically integrated is strategically important to the Vitamin Shoppe and the acquisition brings many long-term benefits to the company."
Mr. Truesdale concluded, "Reflecting our solid financial position and sustainable cash generation, the Board recently authorized a $100 million share repurchase program. The buyback enables us to return cash to our shareholders. We still see many exciting opportunities ahead of us and will continue to invest in initiatives to support long-term growth."
Keywords for this news article include: Finance, Vitamin Shoppe Inc.
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