Net revenues for the fourth quarter increased by $4.9 million, or 4.3%, to $118.3 million compared to $113.4 million for the fourth quarter of 2011. Comparable store sales increased by 2.1%. Net loss for the fourth quarter ended December 29, 2012 was $11.1 million, an improvement of $2.9 million when compared to the net loss of $14.0 million for the fourth quarter of 2011.Total inventory at December 29, 2012 was $194.3 million, a $1.0 million, or 0.5%, increase versus the balance at December 31, 2011, and a 2.3% increase on an inventory per square foot basis. Inventory turns for 2012 were up 4.6% versus last year.
West Marine Reports 14.6% Increase In 2012 Pre-Tax Earnings And Provides 2013 Full-Year Guidance
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts