WMAR Reports 27.1% Increase in Earnings for 2004

West Marine, Inc. (Nasdaq: WMAR) reported net income (unaudited) for the year ended January 1, 2005 of $25.5 million, or $1.20 per share, an increase of 27.1% compared to net income of $20.1 million, or $0.99 per share, for the previous year. Note that 2004 was a 52-week year, while 2003 was a 53-week year. Net loss (unaudited) for the 13 weeks ended January 1, 2005 was ($3.4 million), or ($0.16) per share, compared to a net loss of ($1.6 million), or ($0.08) per share, for the 14-week period in the previous year.

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