GYMB Gymboree Corp (MM)

To Present at Oppenheimer 9th Annual Consumer Conference SAN FRANCISCO, July 9 /PRNewswire-FirstCall/ -- The Gymboree Corporation (NASDAQ:GYMB) today announced a $0.10 per diluted share increase in earnings expectations for the second fiscal quarter ending August 1, 2009. Comparable store sales for the second quarter are now expected to reflect negative growth in the range of mid-single digits. This represents an improvement from the prior guidance of negative comparable store sales growth in the range of mid- to high single digits. As a result of improved revenue and margin performance, as well as better than expected expense management, earnings for the second fiscal quarter are now expected to be in the range of $0.19 to $0.24 per diluted share. This represents an improvement from prior guidance of $0.09 to $0.14 per diluted share for the second fiscal quarter. Management Presentations For more information on June sales, please listen to The Gymboree Corporation's monthly business update by calling the Company's Investor Relations Hotline at 415-278-7933. The recording will be available Thursday, July 9 at 7:55 a.m. ET through Wednesday, July 15 at 11:59 p.m. PT. The Gymboree Corporation also announced that Blair Lambert, CFO/COO, and Jeffrey Harris, VP of Finance, will present at the Oppenheimer 9th Annual Consumer, Gaming, Lodging & Leisure Conference, which will be held at the Four Seasons Hotel in Boston on Wednesday, July 15, 2009, at 10:05 a.m. ET. To listen to a live broadcast of The Gymboree Corporation's presentation over the Internet, please log on to http://www.gymboree.com/, click on "Our Company" at the bottom of the page, go to "Investor and Media Relations" and then "Conference Calls & Webcasts." The webcast will be archived three hours after the live event and will be available for 14 days, through July 29, 2009. About The Gymboree Corporation The Gymboree Corporation's specialty retail brands offer unique, high-quality products delivered with personalized customer service. As of July 4, 2009, the Company operated a total of 912 retail stores: 622 Gymboree(R) stores (589 in the United States, 2 in Puerto Rico and 31 in Canada), 132 Gymboree Outlet stores, 120 Janie and Jack(R) shops and 38 Crazy 8(R) stores in the United States. The Company also operates online stores at http://www.gymboree.com/, http://www.janieandjack.com/ and http://www.crazy8.com/, and offers directed parent-child developmental play programs at 616 franchised and Company-operated Gymboree Play & Music(R) centers in the United States and 30 other countries. Forward-Looking Statements 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 vary materially as a result of a number of factors, including increasing levels of unemployment and consumer debt, extreme volatility in the financial markets, current recessionary economic conditions, customer reactions to new merchandise, service levels and new concepts, success in meeting our delivery targets, the level of our promotional activity, our gross margin achievement, our ability to appropriately manage inventory, 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 31, 2009. These forward-looking statements reflect The Gymboree Corporation's expectations as of July 4, 2009. The Gymboree Corporation undertakes no obligation to update the information provided herein. Gymboree, Janie and Jack, Crazy 8 and Gymboree Play & Music are registered trademarks of The Gymboree Corporation. DATASOURCE: Gymboree Corporation CONTACT: Investor Relations, Jeffrey P. Harris, +1-415-278-7933, , or Media Relations, Mark Mizicko, +1-415-278-7503, , both of Gymboree Corporation Web Site: http://www.gymboree.com/

Copyright