West Marine (WMAR) Tops Q1 EPS by 8c
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West Marine Reports First Quarter 2016 Results
April 28, 2016 4:45 PM EDTWATSONVILLE, Calif., April 28, 2016 (GLOBE NEWSWIRE) -- West Marine, Inc. (NASDAQ: WMAR) today reported financial results for the first quarter ended April 2, 2016. The company reported net revenues of $130.4 million in the quarter, an increase of 2.6% compared to the same period last year. Comparable store sales increased 2.7%. Pre-tax loss was $15.2 million compared to a pre-tax loss of $18.1 million last year.Â
Matt Hyde, CEO of West Marine, commented We are pleased with the first quarter comparable store sales, including a 32% increase in eCommerce revenue. The team continues to succeed in positioning product and services to meet... More
