They also explained that while a poor second quarter for us has sometimes been followed by a better third quarter, not achieving a rebound early on could result in a reduction in our earnings forecast for the full year.
"As they started to see in June, sales in July continued to improve with better weather, although not enough to offset lower sales earlier in the year. Based on results for the first three weeks in July, they now believe that earnings for the 2005 fiscal year will be in the range of $0.95 to $1.00 per share, as they indicated in our sales release earlier this month."
West Marine will host a teleconference to discuss its results on Thursday, July 28th at 8:30 a.m. Pacific Time. To access the teleconference, please dial 800-230-1085 (U.S.) or 612-332-0630 (Int'l) ten minutes prior to the start time.
The teleconference will also be available via live webcast on the investor relations portion of West Marine's website. If you cannot listen to the teleconference at its normal time, there will be a replay available through Thursday, August 4, 2005 that can be accessed by dialing 800-475-6701 (U.S.) or 320-365-3844 (Int'l), passcode 788862. The webcast will also be archived temporarily on West Marine's website.
California based West Marine is the country's favorite retailer of boating supplies and accessories, with nearly 400 West Marine stores and BoatU.S. Marine Centers in 38 states, Puerto Rico and Canada. Company catalog and Internet channels offer customers approximately 50,000 products.
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