Gymboree Corp. earnings down in Q1

San Francisco The Gymboree Corp. reported earnings of $21.8 million for its first quarter ended May 2, compared with earnings of $25.0 million for the same period last year.

Net sales from retail operations for the quarter totaled $228.0 million, down 5% from the $238.9 million during the same period last year. Total net sales for the quarter were $230.9 million, down 5% compared with total net sales of $242.1 million for the same period in the year before.

As previously reported, same-store sales were down 10% during the quarter.