Gymboree (GYMB) Q2 Comps Up 1%; Guides Up

August 7, 2008 7:58 AM EDT

Gymboree Corporation (Nasdaq: GYMB) comparable store sales for Q2 increased 1%. Net sales rose 13% to $202.8 million.

For the second fiscal quarter, the Company now expects earnings to be in the range of $0.23 to $0.25 per diluted share, an increase of $0.05 over our prior guidance. The consensus is $0.21.

Full year earnings are expected in the range of $3.15 to $3.20 per diluted share. The consensus is $3.16.

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