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Gymboree delivers aggressive goals in last holiday season
11 Jan '08
1 min read
The Gymboree Corporation announced both an increase to its comparable store sales expectations for the fourth quarter as well as increases to its earnings expectations for the quarter and full fiscal year of 2007.
For the fourth fiscal quarter, comparable store sales are now expected to increase in the range of mid-to-high single digits.
The Company expects net income for the fourth fiscal quarter to be in the range of $0.88 to $0.90 per diluted share, a $0.10 increase from prior guidance. For the full fiscal year of 2007, earnings are now expected to be in the range of $2.64 to $2.66 per diluted share.
"During this past holiday season, every department executed and delivered on aggressive goals," said Matthew McCauley, Chairman and CEO, "By continuing to focus on key strategies of acquiring new customers and increasing operating efficiencies, we are delivering significant earnings growth despite the challenging retail environment."
Management Presentation:
For more information about December sales, please listen to The Gymboree Corporation's monthly sales recording by calling the Company's Investor Relations Hotline. The recording will be available Thursday, January 10 at 7:55 a.m. ET through Wednesday, January 16 at 11:59 p.m. PT.
For the fourth fiscal quarter, comparable store sales are now expected to increase in the range of mid-to-high single digits.
The Company expects net income for the fourth fiscal quarter to be in the range of $0.88 to $0.90 per diluted share, a $0.10 increase from prior guidance. For the full fiscal year of 2007, earnings are now expected to be in the range of $2.64 to $2.66 per diluted share.
"During this past holiday season, every department executed and delivered on aggressive goals," said Matthew McCauley, Chairman and CEO, "By continuing to focus on key strategies of acquiring new customers and increasing operating efficiencies, we are delivering significant earnings growth despite the challenging retail environment."
Management Presentation:
For more information about December sales, please listen to The Gymboree Corporation's monthly sales recording by calling the Company's Investor Relations Hotline. The recording will be available Thursday, January 10 at 7:55 a.m. ET through Wednesday, January 16 at 11:59 p.m. PT.
The Gymboree Corporation
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