Gymboree Q1 earnings rise; backs Q2, FY08 EPS forecast - Quick Facts 2

Posted on Wednesday, May 21, 2008 4:17 PM

(RTTNews) - Gymboree (GYMB) on Wednesday reported first quarter net income of $25.0 million or $0.86 per share, compared to $20.9 million or $0.67 per share in the same period last year. On average, nine analysts polled by First Call/Thomson Financial expected the company to report earnings of $0.84 per share. Total net sales were $242.1 million, higher than $209.3 million in last year period. Net sales from retail operations for the quarter totaled $238.9 million, up 16% from $206.7 million a year-ago. Seven Wall Street analysts expected revenues of $240.04 million. Looking forward, for the second quarter, the company still expects earnings in the range of $0.18 to $0.20 per share. Comparable store sales are rise in low single digit range. Eight Street analysts expect earnings of $0.21 per share. For the full fiscal year 2008, the company still expects net income in the range of $3.10 to $3.15 per share. Nine Street analysts expect earnings of $3.12 per share. For comments and feedback: contact editorial@rttnews.com