San Francisco based family specialty retail brands products provider Gymboree Corporation reported consolidated financial results for the fourth fiscal quarter and full year ended January 28, 2006.
-- For the fourth fiscal quarter, net sales were $206.4 million, an increase of 17 percent compared to $175.8 million in net sales reported for the same quarter last year.
-- As previously reported, comparable store sales for the quarter increased 14 percent over the same quarter last year.
-- Operating income for the fourth quarter increased to $31.1 million compared to $3.1 million for the same period of the prior year.
-- Net income after tax from continuing operations for the quarter was $20.2 million or $0.60 per diluted share compared to income from continuing operations of $5.5 million or $0.18 per diluted share for the same period last year.
Income from continuing operations for the quarter includes a favorable inventory shrink adjustment of $0.04 per diluted share resulting from the annual year-end inventory count.
-- Net sales for the 52 week period ended January 28, 2006 (fiscal 2005) were $678.5 million, an increase of 14 percent compared to net sales of $594.5 million for the same period last year.
-- Comparable store sales for fiscal 2005 increased 9 percent over the prior fiscal year.
-- For the fiscal year, net income after tax from continuing operations was $32.9 million or $1.02 per dilutedshare, compared to income from continuing operations of $17.1 million or $0.54 per diluted share for the same period last year.
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