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Gymboree 4Q Profit Rises 20%

3/14/2007

San Francisco, Gymboree Corp. said Tuesday its fiscal fourth-quarter profit rose 20% on a jump in revenue. For the quarter ended Feb. 3, Gymboree earned $24.4 million compared with $20.4 million for the same quarter in 2005.

Earnings from continuing operations rose to $26.8 million from $21.2 million in the 2005 period. Revenue rose 18% to $241 million from $203.7 million in the year-ago period. Comp-store sales rose 7% from the fourth quarter of last year.

For the full year, Gymboree earned $60.3 million compared with $33.7 million in 2005. Revenue rose to $791.6 million from $667.5 million the year before.

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