To Present at Oppenheimer 9th Annual Consumer Conference
SAN FRANCISCO, July 9 /PRNewswire-FirstCall/ -- The Gymboree Corporation (Nasdaq: GYMB) today announced a $0.10 per diluted share increase in earnings expectations for the second fiscal quarter ending August 1, 2009.
Comparable store sales for the second quarter are now expected to reflect negative growth in the range of mid-single digits. This represents an improvement from the prior guidance of negative comparable store sales growth in the range of mid- to high single digits.
As a result of improved revenue and margin performance, as well as better than expected expense management, earnings for the second fiscal quarter are now expected to be in the range of $0.19 to $0.24 per diluted share. This represents an improvement from prior guidance of $0.09 to $0.14 per diluted share for the second fiscal quarter.
Management Presentations
For more information on June sales, please listen to The Gymboree Corporation's monthly business update by calling the Company's Investor Relations Hotline at 415-278-7933. The recording will be available Thursday, July 9 at 7:55 a.m. ET through Wednesday, July 15 at 11:59 p.m. PT.
The Gymboree Corporation also announced that Blair Lambert, CFO/COO, and Jeffrey Harris, VP of Finance, will present at the Oppenheimer 9th Annual Consumer, Gaming, Lodging & Leisure Conference, which will be held at the Four Seasons Hotel in Boston on Wednesday, July 15, 2009, at 10:05 a.m. ET.
To listen to a live broadcast of The Gymboree Corporation's presentation 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.' The webcast will be archived three hours after the live event and will be available for 14 days, through July 29, 2009.
About The Gymboree Corporation
The Gymboree Corporation's specialty retail brands offer unique, high-quality products delivered with personalized customer service.
