Gymboree July retail sales improves 13%

04 Aug '05

3 min read

San Francisco based family specialty retail brands products provider The Gymboree Corporation reported net sales from retail operations for the four-week period ended July 30, 2005, of $43.9 million, an increase of 13 percent compared to net sales from continuing retail operations of $39.0 million for the same four-week period last year. Comparable store sales for the four-week period increased 10 percent compared to a 12 percent increase in comparable store sales for the same period last year.

Net sales from retail operations for the second fiscal quarter of 2005 were $129.3 million, an increase of 14 percent compared to net sales from continuing retail operations of $113.5 million for the same period last year. Comparable store sales for the second fiscal quarter increased 9 percent compared to the same period last year.

The Company expects that comparable store sales for the third quarter will be flat to slightly positive compared to the prior year.

The Company now expects its loss from continuing operations for the second fiscal quarter 2005 to be in the range of $0.15 to $0.18 per diluted share. For the full fiscal year 2005, the Company now anticipates its earnings from continuing operations to be in the range of $0.51 to $0.58 per diluted share.

Management Presentations
For more information about July sales, please listen to The Gymboree Corporation's monthly sales recording by calling the Company's Investor Relations Hotline at 415-278-7933. The recording will be available Thursday, August 4 at 7:55 a.m. ET through Wednesday, August 10 at 11:59 p.m. PT.

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