Gymboree Shares Surge Following Earnings Report
Children's clothing retailer Gymboree posted a 26% rise in quarterly profit on increased sales. Gymboree shares jumped more than $2 in after-market trading.
The San Francisco, California-based company reported fourth-quarter net income from continuing operations of $26.8 million, or 82 cents a share, compared with $21.2 million, or 63
cents a share in the year-ago period.
Net sales for the quarter rose 18% to $241 million.