Press Releases
The Gymboree Corporation Reports November Sales
San Francisco, Calif., November 29, 2005 – The Gymboree Corporation (NASDAQ: GYMB) reported net sales from retail operations for the four-week period ended November 26, 2005, of $65.1 million, an increase of 25% compared to net sales from continuing retail operations of $52.2 million for the same four-week period last year. Comparable store sales for the four-week period increased 22% compared to a 10% decrease 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 mid-single 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 $0.40 to $0.42 per diluted share. For the full fiscal year 2005, the Company anticipates its earnings from continuing operations to be in the range of $0.80 to $0.82 per diluted share.
Management Presentations
For more information about November 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 Tuesday, November 29, 2005 at 7:55 a.m. ET through Tuesday, December 6 at 11:59 p.m. PT.
About The Gymboree Corporation
The Gymboree Corporation's specialty retail brands offer unique, high-quality products delivered with personalized customer service. As of November 26, 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. The Company also operates online stores at www.gymboree.com and www.janieandjack.com, and offers directed parent-child developmental play programs at 535 franchised and company-operated centers in the United States and 25 other countries.
Forward-Looking Statements
The foregoing sales figures for the four-week period ended November 26, 2005, are un-audited and subject to quarter-end and year-end adjustment, and could differ materially from the financial information indicated. The foregoing paragraphs contain forward-looking statements relating to The Gymboree Corporation's anticipated sales growth and future financial performance. These are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results could differ materially as a result of a number of factors, including customer reactions to new merchandise, service levels and new concepts, success in meeting our delivery targets, the level of our promotional activity, unanticipated costs actually incurred in connection with the liquidation of our UK and Ireland entities, our gross margin achievement, our ability to appropriately manage inventory, general economic conditions, effects of future embargos from countries used to source product, and competitive market conditions. Other factors that may cause actual results to differ materially include those set forth in the reports that we file from time to time with the Securities and Exchange Commission, including our annual report on Form 10-K for the year-ended January 29, 2005. These forward-looking statements reflect The Gymboree Corporation's expectations as of November 29, 2005. The Gymboree Corporation undertakes no obligation to update the information provided herein.
Gymboree, Janie and Jack and Janeville are registered trademarks of The Gymboree Corporation.
Investor Relations contact:
Blair W. Lambert
Tel: 415-278-7933
investor_relations@gymboree.com
Media Relations contact:
Kimberly Kim
Tel: 415-278-7472
media_relations@gymboree.com
