WMAR Q2 Comps Down 3.5%; Sales Below Consensus

July 6, 2005 4:13 PM EDT
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Price: $12.97 --0%

Financial Fact:
Net revenues: 191.85M

Today's EPS Names:
BMNM, KG, NHC, More
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West Marine, Inc. (Nasdaq: WMAR) said comparable store sales for the second quarter of 2005 decreased (3.5%). Net sales for Q2 were $253.5 million versus the consensus of $263.31 million.

The company's CEO said "While a poor second quarter for us has sometimes been followed by a better third quarter, not achieving such a rebound early on could result in a reduction in our earnings forecast for the year 2005 in the range of ($0.15) per share."

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