Sales increase 3.8% at Gymboree Corp in Q2 FY'12

Inventory balances at the end of the second quarter of fiscal 2012 were $220.2 million compared to $215.9 million at the end of the second quarter of fiscal 2011. Inventory cost on a per square foot basis was down 6% and inventory units on a per square foot basis were also down in the low single-digits.

Fiscal 2012 Business Outlook

Adjusted EBITDA

The Company expects Adjusted EBITDA for fiscal 2012 to increase modestly over fiscal 2011. The Company also anticipates generating sufficient cash flow to service its debt and fund its growth in fiscal 2012.

New Stores

During fiscal 2012, the Company plans to open approximately 115 new stores, including approximately 90 Crazy 8 stores.

Capital Expenditures

During fiscal 2012, the Company anticipates spending approximately $45 million for capital expenditures.

The Gymboree Corporation's specialty retail brands offer unique, high-quality products delivered with personalized customer service.

Gymboree Corporation