Thursday September 3, 8:01 am Eastern Time
Company Press Release
Gymboree Reports August Sales
Increase 24% and Comp Sales
Increase 4%
BURLINGAME, Calif.--(BUSINESS WIRE)--Sept. 3, 1998--The Gymboree Corporation
(NASDAQ:GYMB - news) reported net sales for the four week period ended August 29, 1998 of
$35.6 million, an increase of 24% from net sales of $28.8 million for the same period last year.
Comparable store sales for the four week period increased 4% compared to last year.
Net sales for the 30 weeks ended August 29, 1998 were $238.6 million, an increase of 28% from
net sales of $185.7 million for the same period last year. Comparable store sales for the 30 week
period increased 7% compared to last year.
The Gymboree Corporation designs, manufactures, and retails unique, high quality apparel and
accessories for children from birth to seven years of age. The Company operates 509 stores which
includes 482 stores in the U.S., 13 stores in Canada, and 14 stores in Europe. The Company also
offers directed parent-child developmental play programs at over 390 franchised and company
operated centers.
The foregoing paragraphs may contain forward-looking statements within the meaning of the Federal
Securities laws. Actual results could differ materially from those projected in the forward-looking
statements as a result of a number of factors, including competitive market conditions, the degree of
promotional pricing activity by the Company, inventory levels, the ability of the Company to
successfully identify and respond to emerging children's fashion trends, the ability of the Company to
effectively monitor and control costs, the ability of the Company to effectively manage international
and domestic growth, levels of discretionary consumer spending and general economic conditions.
Other factors that may cause actual results to differ materially include those set forth in the reports
that the Company files from time to time with the Securities and Exchange Commission.
Contact:
The Gymboree Corp.
Investor Contact, 650/696-7540
or
Kekst and Company
Dawn Dover, 212/521-4817 (Media)
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