Last $10.51 USD
Change Today -0.21 / -1.96%
Volume 17.0K
WMAR On Other Exchanges
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As of 10:49 AM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

west marine inc (WMAR) Snapshot

Open
$10.68
Previous Close
$10.72
Day High
$10.68
Day Low
$10.32
52 Week High
01/12/15 - $13.72
52 Week Low
07/25/14 - $8.37
Market Cap
256.5M
Average Volume 10 Days
63.2K
EPS TTM
$0.07
Shares Outstanding
24.4M
EX-Date
--
P/E TM
144.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for WEST MARINE INC (WMAR)

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west marine inc (WMAR) Details

West Marine, Inc. operates as a specialty retailer of boating supplies, gear, apparel, footwear, and other water life-related products primarily in the United States. The company offers core boating products that comprise of maintenance, electronics, sailboat hardware, anchors/docking/moorings, engine systems, safety, electrical, plumbing, boats/outboards, ventilation, deck hardware/fasteners, navigation, trailering, seating/boat covers, and barbecues/appliances. It also provides apparel, footwear, clothing accessories, fishing, water sports, paddle sports, coolers, bikes, and cabin/galley products. As of February 27, 2014, the company operated 287 stores located in 38 states, Puerto Rico, and Canada. West Marine, Inc. operates stores that serve professional customers, such as businesses involved in boat sales, boat building, boat commissioning and repair, yacht chartering, marina operations, and other boating-related activities, as well as government and industrial customers. It also sells products through direct-to-consumer sales channel, which include westmarine.com and portsupply.com e-commerce websites, direct mail catalogs, and call center. The company was founded in 1968 and is headquartered in Watsonville, California.

west marine inc (WMAR) Top Compensated Officers

Chief Executive Officer, President and Inside...
Total Annual Compensation: $600.0K
Executive Vice President of Stores and Wholes...
Total Annual Compensation: $286.5K
Compensation as of Fiscal Year 2013.

west marine inc (WMAR) Key Developments

West Marine Inc. Plans to Open 3 Stores in Year 2015; Plans to Close 7 U.S. Stores in Year 2015

West Marine Inc. expects to open 3 stores and close 7 U.S. stores in year 2015 and at year end, The company expects selling square footage to be about flat to year end 2014 for domestic locations. The company expects to close 7 of 10 stores in Canada year 2015.

West Marine Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended January 3, 2015; Provides Earnings Guidance for the Year 2015

West Marine reported unaudited consolidated earnings results for the fourth quarter and year ended January 3, 2015. For the quarter, the company reported net revenues of $129,420,000 against $118,818,000 a year ago. Loss from operations was $18,887,000 against $19,222,000 a year ago. Loss before income taxes was $18,993,000 against $19,329,000 a year ago. Net loss was $10,277,000 or $0.42 per basic and diluted share against $11,200,000 or $0.46 per basic and diluted share a year ago. Excluding the impact of the 53 week, comparable store sales increased by 0.1% for the year and by 2.8% for the fourth quarter. For the year, the company reported net revenues of $675,751,000 against $663,174,000 a year ago. Income from operations was $4,432,000 against $15,743,000 a year ago. Income before income taxes was $4,004,000 against $15,309,000 a year ago. Net income was $1,948,000 or $0.08 per basic and diluted share against $7,837,000 or $0.32 per basic and diluted share a year ago. Net cash provided by operating activities was $23,958,000 against $13,552,000 a year ago. Purchases of property and equipment were $24,573,000 against $28,553,000 a year ago. Adjusted net income was $1,948,000 against $7,448,000 a year ago. EBITDA was $22.6 million against $30.7 million a year ago. Non-GAAP adjusted net income was $2,759,000 or $0.11 per diluted share. Comparable store sales for this year increased 0.1% excluding the impact of the 53 week in 2014. ROIC based on GAAP net income was 4.0% and 5.3% for fiscal 2014 and 2013, respectively. For the full year 2015, the company expects earnings to range from $0.14 to $0.27 per share on comparable store sales growth of between 1% and 4%, on a comparable 52-weeks year-over-year. EBITDA to be $26 million to $31 million. Pre-tax income to be $6 million to $11 million. Reflected in the above outlook is the continuation of "15/50 plan," and includes continued investments in strategic growth initiatives, including capital expenditures in 2015 of approximately $22 million to $25 million. The first number in the 15/50 plan refers to objective to grow eCommerce business to 15% of total sales. The second number reflects expectation that sales derived from consolidated and revitalized stores will grow to 50% of total sales. The 15/50 plan represents the diversification of West Marine, positions to realize higher profitability, and to be less seasonal and weather dependent, and allows to serve customers' lives more completely as a waterlife outfitter. In 2015, the company expects gross margin to be approximately flat to 2014.

West Marine to Open New Store in Pensacola, Florida

West Marine has announced the opening of its new store in Pensacola, Florida on February 19, 2014. The new Pensacola store is located at 5303 North Davis Highway, Pensacola. At 20,000 square feet, the store at this new location is the larger West Marine on the Gulf between Clearlake TX, to Jacksonville, FL. Nearly twice times the size of the previous location, it will serve the needs of everyone who loves spending time on or around the water. There will be a Fishing and Bait Shack with gear specifically selected for the region, a huge selection of marine electronics featuring over 100 units to touch and test, a new engine parts counter, a Stand-up Paddleboard and Kayak Showroom and an even wider selection of sailing gear. There will be a wide selection of men's and women's apparel, footwear and accessories with some of the top nautical brands including Helly Hansen, Grundens, Sperry Topsider and Tommy Bahama, plus a broad assortment of inflatable boats, kayaks and a variety of stand-up paddleboards (SUP's).

 

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WMAR Competitors

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Industry Analysis

WMAR

Industry Average

Valuation WMAR Industry Range
Price/Earnings 100.0x
Price/Sales 0.4x
Price/Book 0.9x
Price/Cash Flow 142.2x
TEV/Sales 0.3x
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