-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IvdNuGSqDsObMk8676xWZG7fYP4yejUtRwzG7JaMM6qdjkHz+9fMUPqyvE8mA0Nf y5I4vDsg+TU75rnfsPRYqQ== 0001144204-09-019690.txt : 20090409 0001144204-09-019690.hdr.sgml : 20090409 20090409075527 ACCESSION NUMBER: 0001144204-09-019690 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090409 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090409 DATE AS OF CHANGE: 20090409 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GYMBOREE CORP CENTRAL INDEX KEY: 0000786110 STANDARD INDUSTRIAL CLASSIFICATION: APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300] IRS NUMBER: 942615258 STATE OF INCORPORATION: DE FISCAL YEAR END: 0203 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21250 FILM NUMBER: 09741166 BUSINESS ADDRESS: STREET 1: 500 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 415-278-7000 MAIL ADDRESS: STREET 1: 500 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 8-K 1 v145771_8k.htm Unassociated Document

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549
______________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

April 9, 2009
Date of Report (Date of earliest
event reported)
 
THE GYMBOREE CORPORATION
(Exact Name of Registrant as Specified in Charter)
 

Delaware
  
000-21250
  
94-2615258
(State or Other Jurisdiction
of Incorporation)
  
(Commission File No.)
  
(IRS Employer
Identification No.)

500 Howard Street, San Francisco, CA
94105
(Address of principal executive offices)
(Zip Code)
 
(415) 278-7000
(Registrant’s telephone number, including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 


Item 7.01
Regulation FD Disclosure.

On April 9, 2009, The Gymboree Corporation issued a press release announcing anticipated sales and earnings expectations for the first fiscal quarter ending May 2, 2009.  A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01
Financial Statements and Exhibits.

 
(d)
Exhibits.

 
Exhibit No.
Description

 
99.1
Press release of The Gymboree Corporation issued April 9, 2009.
 
 
 
 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
THE GYMBOREE CORPORATION
   
   
Dated:  April 9, 2009
By:  /s/ BLAIR W. LAMBERT        
 
Name: Blair W. Lambert
 
Title:   Chief Operating Officer and
 
Chief Financial Officer

 
 
 
 
 

 
 
 
 


EXHIBIT INDEX

Exhibit No.
Description

99.1
Press release of The Gymboree Corporation issued April 9, 2009.

 
 
 

EX-99.1 2 v145771_ex99-1.htm Unassociated Document
EXHIBIT 99.1

Investor Relations contact:
Jeffrey P. Harris
Tel: 415-278-7933
investor_relations@gymboree.com

Media Relations contact:
Mark Mizicko
Tel : 415-278-7503
media_relations@gymboree.com

The Gymboree Corporation Updates First Quarter Sales and Earnings Guidance

San Francisco, Calif., April 9, 2009 – The Gymboree Corporation (NASDAQ: GYMB) today announced better than previously anticipated sales and earnings expectations for the first fiscal quarter ending May 2, 2009.

Comparable store sales for the first quarter are now expected to reflect negative growth in the range of mid-teens.  This represents an improvement from the prior guidance of negative comparable store sales growth of 20% to 25%.

“Compared to the trends we were seeing in February, we saw a steady and significant increase in sales performance during the month of March,” said Matthew McCauley, Chairman and Chief Executive Officer.  “As a result of better than anticipated customer response to the new product assortment, as well as more effective promotional campaigns, we were able to generate improved sales and margins. However, we still expect the retail sales environment to remain volatile throughout the fiscal year and will continue to take a cautious view on sales expectations.”

As a result of the improved revenue and margin performance, and the impact of the Company’s ongoing cost containment strategies, earnings for the first fiscal quarter are now expected to be in the range of $0.50 to $0.56 per diluted share.  This represents an improvement from prior guidance of $0.18 to $0.25 per diluted share for the quarter.

Management Presentation
For more information about March 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, April 9 at 7:55 a.m. ET through Wednesday, April 15 at 11:59 p.m. PT.
 
 
 

About The Gymboree Corporation
 
The Gymboree Corporation’s specialty retail brands offer unique, high-quality products delivered with personalized customer service. As of April 4, 2009, the Company operated a total of 897 retail stores: 617 Gymboree® stores (585 in the United States, 2 in Puerto Rico and 30 in Canada), 125 Gymboree Outlet stores, 117 Janie and Jack® shops and 38 Crazy 8® stores in the United States.
 
The Company also operates online stores at www.gymboree.com, www.janieandjack.com and www.crazy8.com, and offers directed parent-child developmental play programs at 620 franchised and Company-operated centers in the United States and 29 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, general economic conditions, 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 April 9, 2009.  The Gymboree Corporation undertakes no obligation to update the information provided herein.
 
Gymboree, Janie and Jack, and Crazy 8 are registered trademarks of The Gymboree Corporation.
 
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