SAN DIEGO, Aug. 17, 2017 /PRNewswire/ -- Shareholder Rights Law Firm Johnson & Weaver, LLP (J&W) is investigating potential violations of the federal securities laws by Vitamin Shoppe, Inc. (NASDAQ: VSI) ("Vitamin Shoppe") and certain of its officers. Vitamin Shoppe operates as a multi-channel specialty retailer and contract manufacturer of nutritional products in the United States and internationally
On May 10, 2017, Vitamin Shoppe reported a 45% reduction in FY17 EPS guidance. Then on August 9, 2017, Vitamin Shoppe announced it was taking a $168 million goodwill impairment charge and would report a GAAP loss of $6.73 per share in the second quarter of 2017.
Just several months earlier, on March 1, 2017, Vitamin Shoppe stated that it was on track to deliver "fully diluted earnings per share in the range of $1.95 - $2.20" for FY17. On March 1, 2017, Vitamin Shoppe stock closed at $21.35. The Company's stock price has since fallen dramatically, closing at just $6.05 on August 16, 2017.
Johnson & Weaver has opened an investigation to determine whether investors were misled regarding certain statements the Company made about its business outlook, financial health, and growth prospects.
If you have information that could assist in this investigation, including past employees and others, or if you are Vitamin Shoppe shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (email@example.com) by email or phone at 619-814-4471. If emailing, please include a phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP