Boating supplies cataloger and retailer West Marine Inc. reported net income for the year ended Jan. 3 of $20.1 million, a 6.3% increase over the $18.9 million reported for fiscal 2002.
Net sales for the 53 weeks ended Jan. 3 were $660.9 million, up 24.6% from $530.6 million for the 52 week period ended Dec. 28, 2002.
The Watsonville, CA-based company’s net loss for the fourth quarter ended Jan. 3 was $1.6 million, or compared to a net loss of $1.4 million a year ago. Net sales for the quarter were $124.9 million, up 34.8% from $92.7 million for the same period in the previous year.
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