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Vitamin Shoppe, Inc. (VSI) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 29, 2018

Vitamin Shoppe, Inc.

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CIK: 1167376 Ticker: VSI


Exhibit 99.1

VITAMIN SHOPPE, INC.
  
 
300 Harmon Meadow Blvd
Secaucus, NJ 07094
(201) 868-5959
www.vitaminshoppe.com
  
NEWS
RELEASE
  
  
  


Vitamin Shoppe, Inc. Announces Fourth Quarter 2018 Results

Fourth Quarter 2018 Highlights:
- Gross Profit Margin Increases 210 basis points
- Total Comparable Sales (4.7%)
- Digital commerce (0.1%); excluding marketplaces ecommerce sales increased 8.6%.
- GAAP net loss per share from continuing operations of $0.14. Adjusted net loss per share from continuing operations of $0.19
- Repurchased $8.0 million face value of December 2020 convertible notes
- Introduces 2019 Guidance
SECAUCUS, N.J. February 26, 2019 -- Vitamin Shoppe, Inc. (NYSE: VSI), an omni-channel, specialty retailer of nutritional products, today announced preliminary results for the three and twelve months ended December 29, 2018. Total net sales in the fourth quarter were $248.5 million compared to $261.9 million in the same period of the prior year. Total net sales in full year 2018 were $1,114.2 million compared to $1,146.5 million in the same period of the prior year.
Reported net loss per share from continuing operations in fourth quarter 2018 was $0.14, compared to a net loss per share from continuing operations of $0.66 in the same period of the prior year. Excluding special items in both 4Q18 and 4Q17 as shown in Table 4 at the end of this press release, loss per share from continuing operations was $0.19 in fourth quarter 2018 compared with earnings per share of $0.02 in fourth quarter 2017. Reported net income per share from continuing operations in 2018 was $0.58, compared to a net loss per share from continuing operations of $10.17 in the same period of the prior year. Excluding special items in both 2018 and 2017 as shown in Table 4 at the end of this press release, earnings per share from continuing operations was $0.26 in 2018 compared with earnings per share of $0.80 in 2017.
Commenting on the results, Sharon Leite, Chief Executive Officer stated, “We are encouraged by our performance year over year as we continue to accelerate our evolution to an even more customer-centric health, wellness and fitness retailer. Full year comparable sales performance has improved relative to the prior year and importantly we are still seeing margin improvement. Lastly, we ended the year with a healthy balance sheet and solid free cash flow after re-purchasing $83.3 million face value of our convertible notes in 2018.”
“Our team is committed to turning around the business, revitalizing the Brand and successfully placing the company on a growth trajectory. I am confident in our ability to do so. We are well positioned to capitalize


The following information was filed by Vitamin Shoppe, Inc. (VSI) on Tuesday, February 26, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Vitamin Shoppe, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Accrued Expenses And Other Current Liabilities
Accrued Expenses And Other Current Liabilities (Tables)
Accrued Expenses And Other Current Liabilities - Accrued Expenses And Other Current Liabilities (Detail)
Basis Of Presentation
Basis Of Presentation - Narrative (Details)
Benefit Plans
Benefit Plans - Additional Information (Detail)
Credit Arrangements
Credit Arrangements (Tables)
Credit Arrangements - Additional Information (Detail)
Credit Arrangements - Components Of Convertible Notes (Detail)
Credit Arrangements - Interest Expense, Net (Detail)
Discontinued Operations
Discontinued Operations - Reconciliation Of Balance Sheet (Details)
Discontinued Operations (Tables)
Discontinued Operations - Cash Flow Disclosures For Discontinued Operations (Details)
Discontinued Operations - Narrative (Details)
Discontinued Operations - Reconciliation Of Statement Of Operations (Details)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (Detail)
Fair Value Of Financial Instruments (Tables)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Additional Information (Detail)
Goodwill And Intangible Assets - Expected Amortization Expense On Definite-Lived Intangible Assets (Detail)
Goodwill And Intangible Assets - Schedule Of Intangible Assets (Detail)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Detail)
Income Taxes - Components Of Provision (Benefit) For Income Taxes (Detail)
Income Taxes - Deferred Tax Assets And Liabilities (Detail)
Income Taxes - Provision (Benefit) For Income Taxes Included In Consolidated Financial Statements (Details)
Income Taxes - Reconciliation Of Provision (Benefit) For Income Taxes (Detail)
Lease Commitments
Lease Commitments (Tables)
Lease Commitments - Additional Information (Detail)
Lease Commitments - Future Minimum Payments (Detail)
Lease Commitments - Net Rent Expenses (Detail)
Legal Proceedings
Property And Equipment
Property And Equipment (Tables)
Property And Equipment - Additional Information (Detail)
Property And Equipment - Components Of Property And Equipment (Detail)
Restructuring Costs
Restructuring Costs - Narrative (Details)
Revenue Recognition
Revenue Recognition - Net Sales By Fulfillment Category (Details)
Revenue Recognition - Receivables And Contract Liabilities (Details)
Revenue Recognition (Tables)
Revenue Recognition - Net Sales By Major Product Category (Details)
Selected Quarterly Financial Information (Unaudited)
Selected Quarterly Financial Information (Unaudited) (Tables)
Selected Quarterly Financial Information (Unaudited) - Summary Of Certain Items Impact On Quarterly Results On Pre Tax Basis (Detail)
Selected Quarterly Financial Information (Unaudited) - Summary Of Quarterly Financial Information (Detail)
Share Repurchase Programs
Share Repurchase Programs (Tables)
Share Repurchase Programs - Additional Information (Detail)
Share Repurchase Programs - Summary Of Asr Arrangements (Details)
Stock Based Compensation
Stock Based Compensation (Tables)
Stock Based Compensation - Additional Information (Detail)
Stock Based Compensation - Summary Of Fair Value Option Grant (Detail)
Stock Based Compensation - Summary Of Restricted Shares, Performance Share Units, And Restricted Share Units (Detail)
Stock Based Compensation - Summary Of Stock Options (Detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Additional Information (Detail)
Summary Of Significant Accounting Policies - Calculation Of Basic And Diluted Net Income Per Common Share (Detail)
Summary Of Significant Accounting Policies - Valuation Allowance And Reserves (Detail)
Ticker: VSI
CIK: 1360530
Form Type: 10-K Annual Report
Accession Number: 0001360530-19-000012
Submitted to the SEC: Tue Feb 26 2019 4:28:46 PM EST
Accepted by the SEC: Tue Feb 26 2019
Period: Saturday, December 29, 2018
Industry: Retail Food Stores

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