WMAR Q2 Comps Down 3.5%; Sales Below Consensus
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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."
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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