San Francisco based family specialty retail brands products provider The Gymboree Corporation reported net sales from retail operations for the five-week period ended April 1, 2006 of $78.0 million, an increase of 10 Percent compared to net sales from retail operations of $71.1 million for the same five-week period last year.
Comparable store sales for the five-week period increased 5 Percent compared to a 9 Percent increase in comparable store sales for the same period last year.
As a result of better than anticipated sales in the month of March, the Company now expects a high-single digit increase in comparable store sales for the first quarter of fiscal 2006. Additionally, the Company now expects earnings from continuing operations for the first fiscal quarter to be in the range of $0.35 to $0.38 per diluted share before the impact of stock-based compensation.
For the full fiscal year 2006, the Company is now planning for earnings from continuing operations in the range of $1.24 to $1.28 per diluted share before the impact of stock-based compensation. The Company previously announced that it adopted FAS Statement 123R "Share-based Payment" beginning in fiscal 2006.
Management Presentations
For more information about March 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, April 6 at 7:55 a.m. ET through Wednesday, April 12 at 11:59 p.m. PT.
marketing@alchempro.com
