Key Developments For Gymboree Corp
Gymboree Corp (GYMB.O) (Nasdaq)
The Gymboree Corporation Comments On Q4 2009 Comparable Store Sales Guidance; Issues Q4 2009 EPS Guidance Below Analysts' Estimates; Announces Share Repurchase Authorization
The Gymboree Corporation announced that for the fourth quarter of 2009, it expects a low to mid single digit decrease in comparable store sales versus the same period of the prior year. The Company expects earnings for the fourth quarter 2009 in the range of $0.95 to $1.03 per diluted share. According to Reuters Estimates, analysts were expecting the Company to report earnings of $1.12 for the fourth quarter of 2009. The Company also announced that its Board of Directors has authorized the Company to utilize up to $40 million of its cash reserves to purchase shares of the Company's outstanding common stock under a share repurchase program. Purchases under the share repurchase program may be made from time to time on the open market or in privately negotiated transactions. Depending on market conditions and other factors, purchases under this program may be commenced or suspended without prior notice at any time, or from time to time, through October 30, 2010. At current price levels, approximately 3% of the Company's outstanding shares could be repurchased under this program.
The Gymboree Corporation Raises Q3 2009 EPS Guidance
The Gymboree Corporation announced that for the third quarter of 2009, it expects earnings to be in the range of $1.10-$1.13 per diluted share (EPS). This represents an improvement from prior guidance for the third quarter 2009 range of $1.05-$1.10 per diluted share. According to Reuters Estimates, analysts are expecting the Company to report EPS of $1.09 for the same period.
The Gymboree Corporation Raises Q3 2009 EPS Outlook; Revises Q3 2009 Comparable Store Sales Outlook
The Gymboree Corporation revised its third quarter of 2009 outlook and expects earnings per diluted share (EPS) in the range of $1.05-$1.10. This represents an increase from prior outlook of $0.95-$1.03 and comparable store sales and per store inventory levels to be down in the range of low to mid single digits. According to Reuters Estimates, analysts were expecting the Company to report EPS of $1.06 for the same period.
The Gymboree Corporation Reiterates Q3 2009 EPS Outlook; Reiterates Q3 2009 Comparable Store Sales Outlook-Conference Call
The Gymboree Corporation announced that for the third quarter of 2009, it continues to expect earnings to be in the range of $0.95 to $1.03 per diluted share, consistent with prior guidance. The Company continues to anticipate comparable store sales to be down in the range of low-single digit for the third of fiscal 2009.
The Gymboree Corporation Issues Q3 2009 EPS Outlook Below Analysts' Estimates; Comments on Q3 2009 Comparable Store Sales Outlook
The Gymboree Corporation announced that for the third quarter of 2009, it expects earnings to be in the range of $0.95 to $1.03 per diluted share. The Company expects a low-single digit decrease in comparable store sales versus the same period of the prior year. According to Reuters Estimates, analysts on an average were expecting the Company to report earnings per share (EPS) of $1.06 for the third quarter of 2009.
