The Gymboree Corporation reported net sales from retail operations for the thirteen-week period ended May 3, 2008, of $238.9 million, an increase of 16% compared to net sales from retail operations of $206.7 million for the first fiscal quarter of the prior year.
Comparable store sales for the fiscal quarter increased 4% compared to a 3% increase in comparable store sales for the first quarter of 2007.
For the first fiscal quarter, the Company now expects earnings to be in the range of $0.83 to $0.85 per diluted share.
The Company now expects earnings for the full fiscal year 2008 to be in the range of $3.10 to $3.15 per diluted share compared to a reported earnings per diluted share of $2.67 for the prior fiscal year.
This represents a $0.10 increase over prior guidance for the first quarter and fiscal year. For the second fiscal quarter, the Company expects earnings to be in the range of $0.18 to $0.20.
Management Presentations: For more information about April business, please listen to The Gymboree Corporation's sales recording by calling the Company's Investor Relations Hotline.
The recording will be available Thursday, May 8 at 7:55 a.m. ET through Wednesday, May 14 at 11:59 p.m. PT.
The live broadcast of the discussion of first quarter 2008 financial results will be available to interested parties at 1:30 p.m. PT (4:30 p.m. ET) on Wednesday, May 21, 2008.
To listen to the live broadcast over the internet, please log on to "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 ET, Wednesday, May 28, 2008.
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