Second quarter profit at children’s apparel retailer The Gymboree Corporation has edged up by just 0.8%, the San Francisco based firm said yesterday (18 August).
The company reported earnings of $12.3m or $0.44 per share for the three months to 31 July, compared to earnings of $12.2m or $0.41 per share, in the prior year.
Total sales at the company, which operates 1,019 stores under the Gymboree, Gymboree Outlet, Janie and Jack and Crazy 8 nameplates, rose 3% to $222.7m. Sales from retail operations also rose 3% to $219.3m from $212.3m, but same-store sales were down 3%, the company said.
Gross profit for the second fiscal quarter was 43.5% of sales, an improvement of more than 20 basis points on last year’s rate of 43.3%.
Looking ahead to the third quarter, Gymboree expects comparable store sales to be slightly negative to flat versus the same period last year. Earnings are seen in the range of $1.25 to $1.30 per share.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
