Boating cataloger and retailer West Marine Inc. reported net sales for the quarter ended March 29 of $111.1 million, up 14.4% from $97.2 million in 2002.
The net sales include the company’s 62 newly acquired Boat U.S. stores and catalog operations.
Comparable store net sales decreased 10.2% from 2002. Net loss for the quarter was $6.1 million compared to a net loss of $2.4 million a year ago.
Excluding $2.8 million in pre-tax costs related to the acquisition, net loss for the quarter is $4.4 million.
John Edmondson, West Marine’s CEO, noted in a statement that the tough winter was a factor in the quarter’s results. “Weather was clearly a factor in the first quarter when compared to a mild winter last year. The economy clearly affected our more discretionary product lines such as electronics.
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