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


Thursday, 24 Oct 2013 06:30am EDT 

West Marine Inc reaffirmed its fiscal 2013 guidance and expects pre-tax income to be in a range of $15.5 million to $17.5 million. Excluding the impact of a California tax law change that required the Company to record a valuation allowance of $1.5 million, diluted earnings per share is expected to be in the range of approximately $0.37 to $0.42. GAAP diluted earnings per share is expected to be in the range of $0.31 to $0.36. Comparable store sales for fiscal 2013 are anticipated to be down 2.0% to 4.0% , with total revenues expected to be in the range of $650 million to $660 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $0.42 for fiscal 2013. 

Company Quote

11.0
0.15 +1.38%
27 Aug 2014