INVESTOR ALERT: Goldberg Law PC Announces a Securities Class Action Lawsuit against Vitamin Shoppe, Inc.

LOS ANGELES, Sept. 8, 2017 /PRNewswire/ -- Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Vitamin Shoppe, Inc. ("Vitamin Shoppe" or the "Company") VSI for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's shares between March 1, 2017 and August 6, 2017, inclusive (the "Class Period"), are encouraged to contact the firm before October 27, 2017, the lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, click here to participate.

We also encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm's website at http://www.goldberglawpc.com/, or by email at info@goldberglawpc.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Complaint alleges that during the Class Period, Vitamin Shoppe made false and/or misleading statements, and/or failed to disclose: that the Company's retail segment was declining dramatically; that its ongoing "reinvention plan" had been unsuccessful and brought more than $168 million in goodwill impairment, and it was not properly recognizing that impairment charge; and that as a result of the above, the Company's public statements were materially false and misleading at all relevant times.

On May 10, 2017, Vitamin Shoppe released first quarter 2017 financial results that were lower than market expectations and slashed its fiscal 2017 guidance by 45%, yet claimed the "reinvention plan" was still succeeding. Following this news, the Company's stock price fell dramatically. On August 9, 2017, the Company announced that it was taking a $168.1 million impairment charge on the goodwill being carried on its books associated with its retail segment, and that it would report a loss per share of $6.73. Also, citing "the potential increase in variability of the Company's results due to the number of initiatives being launched in the back half of the year," Vitamin Shoppe dropped its fiscal 2017 earnings per share guidance altogether. Following this news, the Company's stock price dropped materially, which caused investors harm.

Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Contact:

Goldberg Law PC, Los Angeles
Michael Goldberg, Esq., 800-977-7401
Brian Schall, Esq., 800-977-7401
info@goldberglawpc.com  
www.Goldberglawpc.com

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SOURCE Goldberg Law PC