West Marine, Inc. CEO John Edmondson said that March sales have been very strong, prompting the company to raise its estimate for comparable store sales for March to reflect a an increase of 9% to 14% and a fiscal first quarter increase of 11% to 14%, up “substantailly” from its previous guidance of an increase in the 4% to 5% range.
WMAR is raising its estimates for first quarter net sales to range from $131 million to $133 million and first quarter loss to range from (16 cents) to (14 cents) per share, versus last year's first quarter loss of (32 cents) per share. The company's original guidance for Q1 net sales was in the $126 million to $128 million range with a loss per share ranging from (19 cents) to (17 cents) per share.
