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Blair Lambert, COO of Gymboree (ticker: GYMB), stated during the company's April 2005 Conference Call:

I would now like to make a few comments about our outlook for the future. For the second quarter, we expect comparable store sales to be flat to slightly positive to the prior year. In addition, we continue to anticipate earnings per diluted share for the first quarter to be in the range of $0.11 to $0.14. A loss of $0.23 to $0.26 per diluted share continues to be anticipated for the second quarter. For the full fiscal year 2005, we continue to plan earnings per diluted share to be in the range of $0.40 to $0.50. Note that earnings guidance for 2005 does not include the effect of new accounting rules requiring the expensing of stock options. In light of recent announcement, Gymboree will not initiate the expensing of stock options during the current fiscal year. (Quotes are from the CCBN StreetEvents transcript.)

Source: Gymboree issues 2005 Earnings Guidance