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Article: West Marine Reports a 127% Rise in Net Income for the Quarter Ended March 30, 1996.
- Article from:
- Business Wire
- Article date:
- April 23, 1996
CopyrightCOPYRIGHT 1996 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.--(BUSINESS WIRE)--April 23, 1996--West Marine, Inc. (WMAR) today reported that net income for the 13 weeks ended March 30, 1996, was $332,000, a 127% increase from net income of $146,000 reported for the same period last year.
Net income per share for the 13 weeks ended March 30, 1996, was $.04 compared to net income per share of $.02 for the same period last year.
Net sales increased 18.3%, to $49.9 million during the 13 weeks ended March 30, 1996, up $7.7 million from $42.2 million for the same period last year. For the 13 weeks ended March 30, 1996, comparable store net sales increased 5%.
Crawford Cole, president and CEO of West ...