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West Marine Inc Lowers FY 2013 Guidance And Comparable Store Sales Guidance

Thursday, 25 Apr 2013 06:30am EDT 

West Marine Inc announced that as a result of the lower than expected sales results in the first quarter, the Company lowering its previously-issued earnings guidance for fiscal 2013. The Company expect pre-tax income in a range of $24.0 million to $27.0 million, approximately $1.5 million lower than its previously-communicated pre-tax income guidance. This will result in diluted earnings per share of approximately $0.60 to $0.67. Comparable store sales for fiscal 2013 are now anticipated to be flat to up 2.0%, with total revenues now expected to be in the range of $675 million to $690 million, $25 million lower than the Company's previously-communicated guidance. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $0.72 for fiscal 2013. 

Company Quote

-0.25 -1.97%
19 Dec 2014