April 18, 2014 1:32 PM ET

Specialty Retail

Company Overview of The Gymboree Corporation

Company Overview

Gymboree Corp., a specialty retailer in San Francisco, offers apparel, accessories, and play programs for children in the U.S. and Canada. It has four divisions: Gymboree, Gymboree Outlet, Janie and Jack, and Gymboree Play & Music. The Gymboree division operates 575 stores as well as an online store (gymboree.com). Outlet has 42 stores; Janie and Jack, 81, plus janieandjack.com; Play & Music develops parent-child play programs and offers classes developed by early-childhood experts, as well developmental toys, books, and music. The division runs three play centers in California and 545 franchisee-operated play centers in the U.S. and worldwide. Gymboree was founded in 1976.

500 Howard Street

San Francisco, CA 94105

United States

Founded in 1976

5,816 Employees

Phone:

415-278-7000

Key Executives for The Gymboree Corporation

Chief Executive Officer and Director
Age: 44
Chief Financial Officer
Age: 44
Chief Operating Officer
Age: 46
Principal Accounting Officer
Age: 48
Vice President and General Counsel
Compensation as of Fiscal Year 2013.

The Gymboree Corporation Key Developments

Lynda Gustafson Resigns as Vice President, Corporate Controller and Principal Accounting Officer of The Gymboree Corporation

Lynda Gustafson provided notice of her resignation as Vice President, Corporate Controller of The Gymboree Corporation. Ms. Gustafson also acts as the company's principal accounting officer. Ms. Gustafson's last day of employment with the company will be on or about June 9, 2014. The company intends to retain Ms. Gustafson as a consultant to the company in connection with the transition to her successor.

The Gymboree Corporation Plans to Open New Stores During the Year 2013; Announces Unaudited Consolidated Earnings Results for the Thirteen Weeks and Thirty-Nine Weeks Ended November 2, 2013; Provides Earnings Guidance for the Fiscal Year Ending February 1, 2014

The Gymboree Corporation announced that it plans to open approximately 85 new stores during the year 2013, with the majority being Crazy 8 stores. The company announced unaudited consolidated earnings results for the thirteen weeks and thirty-nine weeks ended November 2, 2013. For the thirteen weeks, the company reported total net sales of $309,838,000 against $311,518,000 a year ago, a decrease of 0.5%. Comparable sales were down 4% from the prior year. The decrease was driven primarily by a decline in transaction and units per transaction. Operating income was $12,269,000 against $26,587,000 a year ago. Loss before income taxes was $8,154,000 against income before income taxes of $5,403,000 a year ago. Net loss attributable to the company was $23,985,000 against net profit of $6,121,000 a year ago. Adjusted EBITDA was $33,902,000 against $46,891,000 a year ago. For the thirty-nine weeks, the company reported total net sales of $893,537,000 against $878,021,000 a year ago. Operating income was $34,176,000 against $50,265,000 a year ago. Loss before income taxes was $27,116,000 against $14,993,000 a year ago. Net loss attributable to the company was $35,871,000 against $2,151,000 a year ago. Adjusted EBITDA was $94,679,000 against $114,147,000 a year ago. Net cash provided by operating activities was $23,286,000 against $11,879,000 a year ago. Capital expenditures were $35,213,000 against $31,902,000 a year ago. For the fiscal year ending February 1, 2014, the company now expects adjusted EBITDA to be in the range of $125 million to $130 million. Comparable sales are now expected to be down mid single digits compared to last year. Based on this guidance, the company still expects to generate sufficient cash flow to service its debt and invest in the business to drive long term growth. Company anticipates capital expenditures of approximately $50 million during the fiscal year.

The Gymboree Corporation to Report Q3, 2014 Results on Dec 12, 2013

The Gymboree Corporation announced that they will report Q3, 2014 results at 1:00 PM, Pacific Standard Time on Dec 12, 2013

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