Gymboree 3Q Earnings Narrow on Acquisition-Related Costs

Gymboree (NYSE:GYMB) said Monday its third-quarter profit narrowed slightly on weaker-than-anticipated sales and higher costs, but excluding onetime items, the retailer still managed to trump expectations. The San Francisco-based company posted net earnings of $34.4 million, or $1.26 a share, compared with $34.8 million, or $1.15 a share, in the same quarter last year. Excluding $3.5 million in costs related to the company's $1.8 billion sale to Bain Capital , Gymboree earned $1.33 a share, ahead of average analyst estimates polled by Thomson Reuters of $1.28. Gymboree CEO Matthew McCauley