San Francisco based family specialty retail brands products provider Gymboree Corporation reported a loss from continuing operations of $3.7 million or $0.12 per diluted share for the second fiscal quarter ended July 30, 2005, compared to a loss from continuing operations of $3.6 million or $0.12 per diluted share for the same period last year.
Net sales from retail operations for the second fiscal quarter ended July 30, 2005, totaled $129.3 million, a 14 percent increase over the $113.5 million in net sales from retail operations for the second fiscal quarter of the prior year. As previously reported, comparable store sales from retail operations for the second fiscal quarter increased 9 percent over the same period last year. Total net sales for the second fiscal quarter were $132.0 million, an increase of 14 percent compared to total net sales of $116.0 million for the second fiscal quarter last year.
Business Outlook
For the third fiscal quarter, the Company expects comparable store sales to be flat to slightly positive to the prior year. The Company expects third and fourth fiscal quarter net income from continuing operations in the range of $0.20 to $0.22 and $0.30 to $0.33 per diluted share, respectively. For the full fiscal year 2005, the Company now expects net income from continuing operations to be in the range of $0.55 to $0.60 per diluted share.
Management Presentation
The live broadcast of the discussion of second fiscal quarter 2005 earnings results will be available to interested parties at 1:30 p.m. PT (4:30 p.m. ET) on Thursday, August 18, 2005. To listen to the live broadcast over the Internet, please log on to www.gymboree.com, click on "Our Company" at the bottom of the page, go to "Investor and Media Relations" and then "Conference Calls, Webcasts & Presentations." A replay of the call will be available two hours after the broadcast through midnight ET, Wednesday, August 25, 2005, at 800-642-1687, passcode 8462766, as well as archived on Website at the same location as the live Webcast.
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