SAN FRANCISCO, Nov. 5 /PRNewswire-FirstCall/ -- The Gymboree Corporation
(Nasdaq: GYMB) reported net sales from retail operations for the third fiscal
quarter ended October 31, 2009, of $265.6 million, an increase of 2% compared
to net sales from retail operations of $261.3 million for the third fiscal
quarter of the prior year. Comparable store sales for the third fiscal quarter
decreased 4%.
The Company now expects earnings for the third fiscal quarter to be in the
range of $1.10 to $1.13 per diluted share. This represents an improvement
from prior guidance for the third fiscal quarter of $1.05 to $1.10 per diluted
share, as well as an improvement over the prior year's earnings of $1.06 per
diluted share.
Management Presentation
For more information about third quarter sales, please listen to The Gymboree
Corporation's monthly sales recording by calling the Company's Investor
Relations Hotline at 415-278-7933. The recording will be available Thursday,
November 5 at 7:55 a.m. ET through Wednesday, November 11 at 11:59 p.m. PT.
The live broadcast of the discussion of third quarter 2009 financial results
will be available to interested parties at 1:30 p.m. PT (4:30 p.m. ET) on
Wednesday, November 18, 2009. To listen to the live broadcast over the
internet, please log on to www.gymboree.com, click on "Our Company" at the
bottom of the page, go to "Investor and Media Relations" and then "Conference
Calls, Webcasts & Presentations." A replay of the call will be available two
hours after the broadcast through midnight PT, Wednesday, November 25, 2009,
at 800-642-1687.
About The Gymboree Corporation
The Gymboree Corporation's specialty retail brands offer unique, high-quality
products delivered with personalized customer service. As of October 31, 2009,
the Company operated a total of 951 retail stores: 630 Gymboree® stores (594
in the United States, 34 in Canada and 2 in Puerto Rico), 139 Gymboree Outlet
stores, 120 Janie and Jack® shops and 62 Crazy 8® stores in the United States.
The Company also operates online stores at www.gymboree.com,
www.janieandjack.com and www.crazy8.com, and offers directed parent-child
developmental play programs at 628 franchised and Company-operated Gymboree
Play & Music® centers in the United States and 28 other countries.
Forward-Looking Statements
The foregoing financial information for the third fiscal quarter ended October
31, 2009, is unaudited and subject to quarter-end and year-end adjustment.
The foregoing paragraphs contain forward-looking statements relating to The
Gymboree Corporation's anticipated sales growth and future financial
performance. These are forward-looking statements for purposes of the safe
harbor provisions under the Private Securities Litigation Reform Act of 1995.
Actual results could vary materially as a result of a number of factors,
including increasing levels of unemployment and consumer debt, extreme
volatility in the financial markets, current recessionary economic conditions,
customer reactions to new merchandise, service levels and new concepts,
success in meeting our delivery targets, the level of our promotional
activity, our gross margin achievement, our ability to appropriately manage
inventory, general economic conditions, effects of future embargos from
countries used to source product, and competitive market conditions. Other
factors that may cause actual results to differ materially include those set
forth in the reports that we file from time to time with the Securities and
Exchange Commission, including our annual report on Form 10-K for the
year-ended January 31, 2009. These forward-looking statements reflect The
Gymboree Corporation's expectations as of October 31, 2009. The Gymboree
Corporation undertakes no obligation to update the information provided
herein.
Gymboree, Janie and Jack, and Crazy 8 are registered trademarks of The
Gymboree Corporation.
SOURCE The Gymboree Corporation
Investor Relations, Jeffrey P. Harris, +1-415-278-7933,
investor_relations@gymboree.com; or Media Relations, Mark Mizicko,
+1-415-278-7503, media_relations@gymboree.com, both of The Gymboree
Corporation
