Gymboree 4Q Profit Rises 20%
San Francisco, Gymboree Corp. said Tuesday its fiscal fourth-quarter profit rose 20% on a jump in revenue. For the quarter ended Feb. 3, Gymboree earned $24.4 million compared with $20.4 million for the same quarter in 2005.
Earnings from continuing operations rose to $26.8 million from $21.2 million in the 2005 period. Revenue rose 18% to $241 million from $203.7 million in the year-ago period. Comp-store sales rose 7% from the fourth quarter of last year.
For the full year, Gymboree earned $60.3 million compared with $33.7 million in 2005. Revenue rose to $791.6 million from $667.5 million the year before.
Kroger 4Q Profit Rises 36%
Cincinnati, Kroger Co. said Tuesday its fourth-quarter profit climbed 36% on strong sales growth. Quarterly earnings rose to $384.8 million from $282.1 million in the prior-year quarter. Revenue grew 15% to $16.86 billion from $14.72 billion a year ago. Comp-store sales grew 5.9% in the quarter, including fuel centers. Excluding the fuel centers, comp-store sales climbed 5.5%.
Dick’s Sporting Goods to Open 62 Stores
Pittsburgh, Dick’s Sporting Goods Inc. on Tuesday said it plans to open 45 nameplate locations and 17 Golf Galaxy stores in 2007. On Feb. 13, Dick’s completed its acquisition of Golf Galaxy.
The sporting goods retailer also said it expects earnings and same-store sales growth in the first quarter and full year.