(GYMB) Gymboree Corporation – Earnings Surprised in Seven of Seven Quarters

January 25th, 2010

Gymboree Corporation (GYMB) recently revised its earnings guidance for the fiscal fourth quarter which ends Jan 30. Earnings per share are now expected to be in the range of $1.03 to $1.06 which is higher than the prior guidance of 95 cents to $1.03.

Gymboree attributes the rise to better than anticipated gross margin rates resulting from better management of inventory and markdowns. Same store sales are still expected to be in the range of the low to mid-single digits.

Gymboree is a specialty children’s retailer of clothing and accessories with 956 stores in the United States, Canada and Puerto Rico.

Gymboree’s Earnings Surprise Streak

The company continues to beat estimates as it has now racked up a 7 quarter earnings surprise winning streak. Over the last 4 quarters, Gymboree has surprised on average of 3.98%. It is expected to report fiscal fourth quarter results on Mar 10.

You can see its solid earnings surprise track record below:

Value Fundamentals

Gymboree still has attractive valuations. It is trading with a forward P/E of 12.4 and a price-to-book ratio of 2.86. Gymboree also has an outstanding 1-year return on equity of 26.2%, way above the industry average of 7.98%.

Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor in charge of the market-beating Zacks Value Trader service.

Zacks Investment Research

More on this topic (What's this?)
Gymboree (GYMB): Apparel profits (Wall Street Sector Selector, 3/23/10)
TIM Report: Long Ideas Increased, Including JBLU, INTU, GYMB (Bull Bear Trader, 6/12/09)
Hedge Fund Valinor Management Buys More Gymboree (GYMB) (market folly, 9/7/10)
Gymboree Buy-Out Deal Indicates High Hope for the Consumer (Wall St. Cheat Sheet, 10/12/10)
Read more on Gymboree at Wikinvest

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