Domestic same-store sales decreased 4.6%.
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However, the top-line beat sent the stock up 5% during pre-market trading on Monday. The shares have declined 25% since the beginning of this year.
GNC Ken Martindale said, “During the second quarter of 2019, although we experienced some softness in our sales, we delivered meaningful growth in our operating income margins consistent with our long-term strategy. The quarter represented solid progress towards our store optimization and cost savings initiatives.”
The health and wellness brand said revenues in the US and Canada segment decreased 8% to $476.1 million, while that in the International segment fell 18.9%, to $39.4 million.