Gymboree lifts 3rd-quarter earnings outlook
Children's apparel retailer Gymboree raises 3rd-quarter profit forecast on stronger margins
- On 8:25 am EDT, Thursday October 8, 2009
SAN FRANCISCO (AP) -- Gymboree Corp. on Thursday raised its earnings guidance for its fiscal third quarter.
Gymboree attributed the higher outlook to stronger margins and fewer markdowns on merchandise.
For the quarter ended Oct. 31, the company expects earnings between $1.05 per share and $1.10 per share, up from previous guidance of 95 cents per share to $1.03 per share.
Analysts polled by Thomson Reuters expect earnings of $1.08 per share.
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