Vitamin Shoppe (VSI) 2011年年度报告「NYSE」.pdf

1、528 Stores in 40 States,District of Columbia and Puerto RicoStarting with our first store in New York City in 1977 and continuing through our most recent store opening,The Vitamin Shoppe cares about our customers and their health and wellness goals.By engaging in one-to-one dialog about what our cus

2、tomers need and focusing on giving knowledge through our associate health enthusiasts,The Vitamin Shoppe continues to be a trusted resource for our customers.CORPORATE PROFILEKEY HIGHLIGHTS$293528GROSS PROFIT($M)20112010200920082011201020092008STORE COUNT$249.5$216.9$195.9484438401NOTES:Fiscal 2011

3、was a 53-week year compared to 52-weeks for the prior fiscal years.Net income for 2008 and 2009 is calculated before the payment of preferred dividends.$44.9$856.620112010200920082011201020092008NET INCOME($1M)SALES($1M)$8.2$12.7$29.2$751.5$674.5$601.5KEY HIGHLIGHTS CONTINUEDNOTES:Fiscal 2011 was a

4、53-week year compared to 52-weeks for the prior fiscal years.Net income for 2008 and 2009 is calculated before the payment of preferred dividends.TO OUR SHAREHOLDERSFiscal 2011 was my first year as Chief Executive Officer and another exciting year of growth at The Vitamin Shoppe.At the beginning of

5、last year we set out several ambitious goals:First)to grow our comparable store sales by a mid single digit percentage in a tough retail environment.Second)to improve our operating margins.Third)reduce our debt,and Fourth)to increase earnings per share by at least 25%.I am proud to say that we were

6、successful on all fronts while investing and positioning the company for further growth.OverviewOverall we are very pleased with our full year results.Our comparable store sales increased by 7.4%on a 52 week basis and our total revenue was up 14%to$857 million.Both our gross margins and operating ma