West Marine, Inc. reported that net sales for the four weeks ended November 27, 2004 were $34.6 million, a 0.4% increase compared to net sales of $34.5 million for November last year. Comparable store net sales for November 2004 decreased 2.9% compared to the same period a year ago.
Net sales for the forty-seven weeks ended November 27, 2004 were $636.7 million, an increase of 4.9% over net sales of $607.3 million for the same period a year ago. Comparable store net sales for the latest forty-seven weeks increased 0.7% compared to the same period a year ago.
John Edmondson, CEO of West Marine, said, “November sales came in as expected. Comparable store sales were challenged because last year the Thanksgiving Day closure was in fiscal December, while this year the holiday fell into fiscal November. After adjusting for the calendar shift, comparable store sales would have been relatively flat. We are on track to meet our previously announced expectations for fourth quarter. November comparable store sales by region were as follows: Northeast -8.5%, Southeast 2.1%, and Western -6.6%.”
