MILWAUKEE, April 29, 2013 (GLOBE NEWSWIRE) -- We are investigating possible securities fraud claims against Vitamin Shoppe, Inc. (VSI) resulting from inaccurate statements Vitamin Shoppe made regarding its financial performance and future prospects for the period between May 8, 2012 and February 25, 2013.
Click here to learn more about the investigation: http://www.ademilaw.com/case/vitamin-shoppe-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Our investigation focuses on the extent to which Vitamin Shoppe issued false and misleading statements regarding its operations, business trends and same-store sales trends. Specifically, Vitamin Shoppe failed to disclose that: (i) it was negatively impacted by competition from on-line retailers which were significantly reducing prices on popular supplements; (ii) GNC's new discount program was negatively impacting its sales growth; and (iii) Vitamin Shoppe was experiencing declining same-store sales trends. Following each of the three earnings announcements and provision of quarterly guidance on May 8th, August 7th and November 6th, 2012, Vitamin Shoppe's stock price increased, and its top officers and directors cashed in, selling, in total, more than $30.8 million of Vitamin Shoppe common stock in several very short trading windows following these announcements.
On February 25, 2013, Vitamin Shoppe announced dismal financial results for its fiscal and fourth quarter 2012. Specifically, fourth quarter 2012 profits rose 2.8% to $9.68 million, or 32 cents a share, from $9.41 million, or 32 cents, a year earlier with sales of $218.9 million well below expectations of $223.8 million.
In response to the unexpected negative sales and earnings announcement, Vitamin Shoppes' shares fell $11.86 per share, or more than 18.76%, to close at $51.36 per share, on extremely heavy trading volume.
If you wish to obtain additional information or have information about Vitamin Shoppe, please contact Guri Ademi either at firstname.lastname@example.org or toll-free: 866-264-3995, http://www.ademilaw.com/case/vitamin-shoppe-inc.
We specialize in securities fraud and shareholder litigation. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Ademi & O'Reilly, LLP Guri Ademi 3620 East Layton Ave. Cudahy, WI 53110 Toll Free: (866) 264-3995 Fax: (414) 482-8001 www.ademilaw.comSource:Ademi & O'Reilly, LLP