West Marine, Inc. reported a 1.3% sales increase for the fiscal year to $692.3 million from $683.0 million last year. Comparable store sales decreased 2.2%. For the year, the company posted a net loss of $2.2 million, down from a net income of $25.5 million last year. Diluted earnings per share were a loss for the year of 10 cents,
compared to a gain of $1.20 last year.
Net sales for the fourth quarter of 2005 were $124.8 million, compared to net sales of $118.1 million a year ago. Comparable store sales for the fourth quarter of 2005 increased 3.9% compared to the same period a year ago. Net loss for the quarter was $21.5 million, or $1.01 per share, compared to a net loss of $3.4 million, or 16 cents per share, for the fourth quarter of 2004.