SAN FRANCISCO, Feb. 5 /PRNewswire-FirstCall/ -- The Gymboree Corporation
(Nasdaq: GYMB) reported net sales from retail operations for the fourth fiscal
quarter ended January 31, 2009, of $285.3 million, an increase of 4% compared
to net sales from retail operations of $275.3 million for the fourth fiscal
quarter ended February 2, 2008. Comparable store sales for the fiscal quarter
decreased 2%.
The Company now expects earnings for the fourth fiscal quarter to be in
the range of $0.96 to $1.00 per diluted share. For the full fiscal year of
2008, earnings are now expected to be in the range of $3.16 to $3.20 per
diluted share.
'We continued to see a very price-sensitive customer throughout the
quarter,' said Matthew McCauley, Chairman and CEO. 'As a result, our marketing
efforts focused on driving traffic and speaking to value. This strategy
helped drive top-line sales and earnings for the quarter, but at lower margin
rates. We continue to expect earnings for 2009 to be below 2008 levels.'
Management Presentation
For more information about January and fourth 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, February 5 at 7:55 a.m. ET through Wednesday, February 11 at 11:59
p.m. PT.
The live broadcast of the discussion of fourth quarter 2008 financial
results will be available to interested parties at 1:30 p.m. PT (4:30 p.m. ET)
on Wednesday, March 11, 2009. To listen to the live broadcast over the
internet, please log on to http://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, March
18, 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.
