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Article: West Marine Reports Second Quarter Results and 2005 Guidance.
- Article from:
- Business Wire
- Article date:
- July 28, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WATSONVILLE, Calif. -- West Marine, Inc. (Nasdaq:WMAR) today reported net income for the second quarter ended July 2, 2005 of $22.8 million, or $1.07 per share, compared to net income of $25.2 million, or $1.17 per share, for the second quarter of 2004. Net sales for the second quarter of 2005 were $253.5 million, compared to net sales of $252.6 million a year ago. Comparable store sales for the second quarter of 2005 decreased (3.5%), versus an increase in comparable store sales of 4.6% reported for the same period a year ago. Comparable store sales are defined as sales from stores that have been open at least thirteen months and where selling square footage did not ...