NEW YORK (Thomson Financial) - West Marine Inc. Wednesday reported a
first-quarter pre-tax net loss of $25.4 million, or 81 cents a share after-tax.
The mean estimate of three analysts polled by Thomson Reuters was for a loss
of 58 cents a share.
Revenue at the Watsonville, Calif.-based retailer of boating supplies was
$113.3 million, while same-store sales were down 9.4%.
In the year-ago period, the company posted a pre-tax loss of $18.4 million,
or 53 cents a share after-tax, on sales of $125.8 million.
Shares of West Marine closed Tuesday at $5.17. The stock is down about 65%
since the start of the year.
Ryan Vlastelica
rv/vj
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