Gymboree Reports $5.8M Profit In Q2
San Francisco Business Times - 2:39 PM PDT Wednesday, August 22, 2007
Children's clothing seller Gymboree Corp. reported a profit of $5.8 million for the second quarter, compared with a profit of just $544,000 a year ago in the same quarter.
The San Francisco company (NASDAQ: GYMB) pulled in sales of $182.4 million in the quarter, which ended Aug. 4. A year ago Gymboree had sales of $152.1 million in the second quarter.
Same store sales, which compare performance at stores open at least a year, rose 5 percent in the most recent quarter.
The company, led by CEO and Chairman Matthew McCauley, expects earnings of 84 cents to 87 cents a share for the third quarter, and $2.50 to $253 per share for the fiscal year 2007. It expects low to mid-single digit same store sales growth in the third quarter.
Gymboree had 739 stores at quarter's end.