For the first six months of 2010, the Company reported net income of $51.6 million, a $14.1 million, or 37.8%, increase over net income of $37.4 million for the first six months of 2009.  Net income as a percentage of revenue was 5.6% in the first six months of 2010, compared to 4.3% in the first six months of 2009.

For the first six months of 2010, the Company reported consolidated revenue of $920.9 million, an increase of 5.6% over consolidated revenue of $872.3 million for the first six months of 2009.  Revenue increased in the Company's retail and franchise segments by 6.6% and 8.9%, respectively, and declined in the manufacturing/wholesale segment by 7.2%.  Same store sales improved 4.7% in domestic Company-owned stores in the first six months of 2010 compared to the same period in 2009.

Adjusted EBITDA for the first six months of 2010 was $138.8 million, an $18.5 million, or 15.4%, increase over the Adjusted EBITDA of $120.3 million for the first six months of 2009.  Adjusted EBITDA was 15.1% as a percentage of revenue in the first six months of 2010, compared to 13.8% in the first six months of 2009.

For the first six months of 2010, the Company generated net cash from operations of $86.6 million, incurred capital expenditures of approximately $13.7 million, and paid approximately $1.0 million in principal on outstanding debt.  Additionally during the six months, the Company declared and paid a dividend of $28.4 million to GNC Corporation, its direct parent.  

In the first six months of 2010, the Company opened 22 net new domestic Company-owned stores, 4 net new Company-owned stores in Canada, 74 net new international franchise locations, and 103 net new franchise store-within-a-store Rite Aid locations, and closed 17 net domestic franchise locations.

SOURCE General Nutrition Centers, Inc.