UPDATE 1-Vitamin Shoppe posts in-line Q4 profit

Wed Feb 17, 2010 8:35am EST

* Q4 EPS $0.08 vs est $0.08

* Q4 rev $162.4 mln vs est $158 mln

* Q4 same-store sales up 7 pct

Feb 17 (Reuters) - Health supplement retailer Vitamin Shoppe Inc (VSI.N) posted a quarterly profit in line with analysts' estimates, and said it expects to open 42 stores in 2010.

In October last year, Vitamin Shoppe became the first U.S. retailer to go public in two years and the company's IPO was priced above expectations. [ID:nN28300460]

The company said excluding the IPO charges, it earned 12 cents a share in the fourth quarter ended Dec. 26.

According to Thomson Reuters I/B/E/S, the company earned 8 cents a share, excluding extinguishment of debt, termination of management services, tax impact and including preferred dividend net income.

Revenue rose 13.5 percent to $162.4 million.

Analysts on average were expecting earnings of 8 cents a share on revenue of $158 million.

Fourth-quarter same-store sales rose 7 percent, the company, which operated 438 stores compared with 401 stores a year ago, said.

Shares of the North Bergen, New Jersey-based closed at $22 Tuesday on the New York Stock Exchange. (Reporting by Shobhana Chadha in Bangalore; Editing by Maju Samuel)

FILED UNDER: