For the first fiscal quarter of 2006, the Company reaffirms its comparable store sales guidance of mid-single digits and now expects earnings from continuing operations to be in the range of $0.28 to $0.30 per diluted share before the impact of stock-based compensation.
For the full fiscal year ended February 3, 2007, the Company now expects income from continuing operations in the range of $1.16 to $1.20 per diluted share before the impact of stock-based compensation.
The Company is adopting FAS Statement 123R "Share-based Payment" for fiscal 2006 which is now expected to reduce earnings in the range of $0.13 - $0.15 per diluted share.
As of February 25, 2006, the Company operated a total of 662 stores: 565 Gymboree retail stores (537 in the United States and 28 in Canada), 16 Gymboree Outlet retail stores, 64 Janie and Jack retail shops and 17 Janeville stores in the United States.
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