West Marine, Inc. (WMAR) Misses Q1 EPS by 6c
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West Marine Reports First Quarter 2014 Results
April 24, 2014 6:30 AM EDTWATSONVILLE, Calif., April 24, 2014 (GLOBE NEWSWIRE) -- West Marine, Inc. (Nasdaq: WMAR) today reported financial results for the first quarter ended March 29, 2014.
Net revenues were $113.3 million, a decrease of 0.8% compared to last year. Comparable store sales decreased by 1.7%. Progress on our growth strategies during the first quarter was as follows: eCommerce: Sales from our eCommerce website were up 0.9% and represented 8.2% of total sales, compared to 8.0% last year. We believe the initial transition to our new eCommerce platform negatively impacted eCommerce results this quarter, as expected. Our three to... More