The Gymboree Corporation Updates Outlook for Second Fiscal Quarter;
July 09 2009 - 7:55AM
PR Newswire (US)
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
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." 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. As of July
4, 2009, the Company operated a total of 912 retail stores: 622
Gymboree(R) stores (589 in the United States, 2 in Puerto Rico and
31 in Canada), 132 Gymboree Outlet stores, 120 Janie and Jack(R)
shops and 38 Crazy 8(R) stores in the United States. The Company
also operates online stores at http://www.gymboree.com/,
http://www.janieandjack.com/ and http://www.crazy8.com/, and offers
directed parent-child developmental play programs at 616 franchised
and Company-operated Gymboree Play & Music(R) centers in the
United States and 30 other countries. Forward-Looking Statements
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, 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 July 4, 2009. The Gymboree Corporation
undertakes no obligation to update the information provided herein.
Gymboree, Janie and Jack, Crazy 8 and Gymboree Play & Music are
registered trademarks of The Gymboree Corporation. DATASOURCE:
Gymboree Corporation CONTACT: Investor Relations, Jeffrey P.
Harris, +1-415-278-7933, , or Media Relations, Mark Mizicko,
+1-415-278-7503, , both of Gymboree Corporation Web Site:
http://www.gymboree.com/
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