The Gymboree Corporation (NASDAQ: GYMB) recently announced revised sales and earnings expectations for the third fiscal quarter ending October 31, 2009.The Gymboree Corporation Updates Third Quarter Sales and Earnings Guidance with the following information.
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Earnings per diluted share for the third fiscal quarter are now expected in the range of $1.05 to $1.10. This represents an increase from prior guidance for the quarter of $0.95 to $1.03 per diluted share. The increased earnings expectation is primarily driven by better than anticipated gross margin rates resulting from more effective inventory and markdown management on slightly lower sales volumes. Comparable store sales and per store inventory levels at the end of the quarter are now expected to be down in the range of low to mid single digits. For more information about September sales to date, please listen to The Gymboree Corporation's sales recording by calling the Company's Investor Relations Hotline at 415-278-7933. The recording will be available Thursday, October 8 at 7:55 a.m. ET through Wednesday, October 14; at 11:59 p.m.
Tithe Gymboree Corporation's specialty retail brands offer unique, high-quality products delivered with personalized customer service. As of October 3, 2009, the Company operated a total of 944 retail stores: 630 Gymboree® stores (594 in the
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