GYMB March Comps Up 9%; Reaffirms FY05 Guidance

The Gymboree Corporation (Nasdaq: GYMB) said March comparable store sales for the five-week period increased 9%. Also reaffirmed earnings guidance from continuing operations for the full fiscal year 2005 of $0.40 to $0.50 per diluted share. Earnings from continuing operations for the first quarter are anticipated to be in the range of $0.11 to $0.14 per diluted share. A loss of $0.23 to $0.26 per diluted share is anticipated for the second quarter.

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