Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Vitamin Shoppe, Inc. (VSI)

Glancy Prongay & Murray LLP ("GPM") reminds investors of the October 27, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Vitamin Shoppe, Inc. ("Vitamin Shoppe" or the "Company") VSI securities between March 1, 2017, and August 6, 2017, inclusive (the "Class Period"). Vitamin Shoppe investors have until October 27, 2017 to file a lead plaintiff motion. To obtain information or participate in the class action, please visit the Vitamin Shoppe case page on our website at www.glancylaw.com/case/vitamin-shoppe-inc.

The complaint filed in this class action alleges that, during the Class Period, defendants failed to disclose that the Company's retail segment was continuing to dramatically decline, as its ongoing "reinvention plan" was unsuccessful. In addition, Vitamin Shoppe failed to recognize an impairment charge relating to the Company's failed reinvention plan.

On May 10, 2017, Vitamin Shoppe released poor first quarter 2017 financial results and slashed the Company's fiscal 2017 guidance by 45%, and still claimed the Vitamin Shoppe's "reinvention plan" was still succeeding. On this news, the price of Vitamin Shoppe stock declined by one-third to close at $12.70 per share.

Then, on August 9, 2017, Vitamin Shoppe announced that it was taking a $168.1 million impairment charge relating to the Company's retail segment, and that, as a result, Vitamin Shoppe would report a loss per share of $6.73. In addition, the Company dropped its fiscal 2017 earnings per share guidance altogether. On this news, Vitamin Shoppe's common stock plunged again, falling $3.50 per share to close at $6.10 per share.

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If you purchased shares of Vitamin Shoppe during the Class Period you may move the Court no later than October 27, 2017 to ask the Court to appoint you as lead. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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