GNC 2011 Annual Report Download - page 49
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Table of Contents
The following table summarizes our stores for the periods indicated:(4)
Successor
Predecessor
Year Ended
December 31,
2010
Year Ended
December 31,
2009
Year Ended
December 31,
2008
March 16-
December 31,
2007
January 1-
March 15,
2007
Year Ended
December 31,
2006
Company-owned
stores
Beginning of
period balance 2,832 2,774 2,745 2,699 2,688 2,650
New store
openings 101 45 71 64 18 54
Franchise
conversions(a) 24 53 33 44 17 80
Store closings(b) (40) (40) (75) (62) (24) (96)
End of period
balance 2,917 2,832 2,774 2,745 2,699 2,688
Franchised
stores
Domestic
Beginning of
period balance 909 954 978 1,022 1,046 1,156
Store
openings(b) 42 31 41 16 4 5
Store closings(c) (48) (76) (65) (60) (28) (115)
End of period
balance 903 909 954 978 1,022 1,046
International
Beginning of
period balance 1,307 1,190 1,078 996 961 858
Store openings 232 187 198 115 44 169
Store closings (102) (70) (86) (33) (9) (66)
End of period
balance 1,437 1,307 1,190 1,078 996 961
Store-within-a-
store (Rite
Aid)
Beginning of
period balance 1,869 1,712 1,358 1,266 1,227 1,149
Store openings 150 177 401 101 39 80
Store closings (16) (20) (47) (9) (2)
End of period
balance 2,003 1,869 1,712 1,358 1,266 1,227
Total Stores 7,260 6,917 6,630 6,159 5,983 5,922
Stores that were acquired from franchisees and subsequently converted into company-owned stores.
Includes corporate store locations acquired by franchisees.
Includes franchise stores closed and acquired by us.
(a)
(b)
(c)
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.
You should read the following discussion in conjunction with Item 6, "Selected Financial Data" and our consolidated financial statements and the
related notes thereto. The discussion in this section contains forward-looking statements that involve risks and uncertainties. See Item 1A, "Risk Factors" in
this report for a discussion of important factors that could cause actual results to differ materially from those described or implied by the forward-looking
statements contained herein. We urge you to review the information set forth in "Forward Looking Statements" and Item 1A, "Risk Factors" included
elsewhere in this report.
Business Overview