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Non-Tech : West Marine WMAR -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (384)	7/6/2000 12:23:47 PM
From: Dale Stempson	Read Replies (1) \| Respond to of 400

6.3% Sales Increase Hey Gottfried, that's not bad. It's much better than I was expecting based on how the stock has been trading recently. With the weather improving, July could be a very good month. At least the CEO is "optimistic." Some pent-up demand might help us. Also, most of the July 4th holiday will be included in the July numbers this year (I suspect it's a strong sales period). In any case, here's the press: Thursday July 6, 8:37 am Eastern Time West Marine Reports a 6.3% Sales Increase and 4.2% Comparable Store Sales Increase for June 2000 WATSONVILLE, Calif.--(BUSINESS WIRE)--July 6, 2000--West Marine, Inc. (Nasdaq:WMAR - news) today reported that net sales for the five weeks ended July 1, 2000 were $77.5 million, an increase of 6.3% from net sales of $72.9 million for the same period a year ago. Comparable store net sales for the five weeks ended July 1, 2000 increased 4.2%. Net sales for the thirteen weeks ended July 1, 2000 were $183.3 million, an increase of 3.7% from net sales of $176.9 million for the same period a year ago. Comparable store net sales for the latest thirteen weeks ended July 1, 2000 increased 1.4%. Net sales for the twenty-six weeks ended July 1, 2000 were $278.6 million, an increase of 3.0% from net sales of $270.4 million for the same period a year ago. Comparable store net sales for the latest twenty-six weeks increased by 0.5% compared to the same period a year ago. Said John Edmondson, president and CEO of West Marine, ``Sales in the Northeast, which has been hindered by weather conditions, has finally turned favorable. This positive development leads us to be optimistic about the next quarter.'' Regards - Dale