West Marine Q4 sales rise
West Marine (Nasdaq: WMAR) said its fourth-quarter revenues rose 3.3 percent over the year before.
For the period ended Jan. 1, quarterly net revenues were $107.3 million, compared to $103.9 million a year ago. Comparable store sales increased 1.6 percent.
Net revenues in the stores segment were $94.0 million, up 3.3 percent, compared to the same period last year. Its port supply segment revenues from its distribution centers were $5.6 million, down 1.0 percent, compared to the same period last year. Net revenues in the direct sales segment were $7.6 million, an increase of 5.4 percent, compared to the same period last year.
For the full year, net revenues were $622.8 million, an increase of $34.4 million, or 5.8 percent, from net revenues of $588.4 million for the same period a year ago. Comparable store sales increase was 6.3 percent.
Big 5 provides preview of Q4, FY results
Big 5 Sporting Goods’ (Nasdaq: BGFV) said quarterly sales were lower than expected on a weak December.
For the quarter ended Jan. 2, net sales were $226.7 million versus net sales of $237.6 million in 2009. Fourth-quarter same-store sales fell 0.7 percent.
For the fourth quarter, it now expects adjusted earnings of $0.23-$0.25 a share, compared with its prior view of $0.25-$0.33 a share.
It said same-store sales were in the positive low-single-digit range in October and positive mid-single-digit range for November.
"However, these gains were offset as our sales turned negative over the three-week key gift shopping period preceding Christmas," CEO Steven Miller said in a statement.
For the 2010 full year, net sales increased to $896.8 million from $895.5 million for the 53-week fiscal 2009 full year. Same store sales increased 0.8 percent for the fiscal 2010 full year.
The company is expected to release fourth-quarter results by the first week of March.
--Compiled by Wendy Geister
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