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Dec sales soar at specialty retailer Gymboree

Jan '06
Specialty retailer Gymboree Corporation reported net sales from retail operations for the five-week period ended December 31, 2005, of $86.6 million, an increase of 20 percent compared to net sales from continuing retail operations of $72.1 million for the same five-week period last year.

Comparable store sales for the five-week period increased 16 percent compared to a 1 percent increase in comparable store sales for the same period last year.

The Company now expects that comparable store sales for the fourth quarter will be positive low double-digits compared to the prior year.

The Company now anticipates earnings from continuing operations for the fourth fiscal quarter to be in the range of $0.50 to $0.52 per diluted share.

For the full fiscal year 2005, the Company anticipates its earnings from continuing operations to be in the range of $0.90 to $0.92 per diluted share.

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

As of December 31, 2005, the Company operated a total of 667 stores: 574 Gymboree retail stores (546 in the United States and 28 in Canada), 12 Gymboree Outlet retail stores, 64 Janie and Jack retail shops and 17 Janeville retail stores in the United States.

Gymboree Corporation

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