West Marine, Inc. (WMAR) Misses Q3 EPS by 10c, Sales In-Line

West Marine, Inc. (NASDAQ: WMAR) reported Q3 EPS of $0.23, $0.10 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $196.5 million versus the consensus estimate of $196.37 million.

The company is re-affirming its 2014 full-year pre-tax income and EBITDA guidance, with pre-tax income expected to be in the range of approximately $8.5 million to $11.0 million and EBITDA expected to be in the range of approximately $27.5 million to $30.0 million. In the prior year, EBITDA was $30.7 million.

Matt Hyde, West Marine's CEO, commented: "Comparable stores sales showed slight gains for the quarter and we experienced stronger results from our growth strategies in merchandise expansion and store optimization. We remain focused on repositioning West Marine into a broader, waterlife outfitter and growing sales of core boating products."

For earnings history and earnings-related data on West Marine, Inc. (WMAR) click here.

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