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Stock Market & Financial Investment News

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March 15, 2013
16:18 EDTWMARWest Marine announces $10M stock repurchase program
West Marine announced that its board has authorized a new share repurchase program through which West Marine, from time to time, may repurchase of its common stock in the open market or through privately negotiated transactions in an amount up to $10M. This new program is being implemented primarily to mitigate the dilutive impact of shares issued under the company's omnibus equity incentive plan and its employee stock purchase plans. West Marine currently plans to implement the repurchase program after the release of results for Q2.
News For WMAR From The Last 14 Days
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October 23, 2014
06:47 EDTWMARWest Marine saw stronger results growth strategies in merchandise expansion
Sales from our eCommerce website were down by 1.6% as compared to last year, and represented 7.0% of total sales, compared to 7.1% for the same period last year. Sales through our optimized stores increased to 41.0% of total sales compared to 33.6% last year. Sales in these product lines, which include footwear, apparel, clothing accessories, fishing products and paddle sports equipment, were up by 13.7%, with core product sales down 1.9%, compared to last year.
06:36 EDTWMARWest Marine backs FY14 GAAP EPS 15c-20c, consensus 20c
Backs FY14 revenue $665M-$680M, one estimate $670.99M; Backs FY14 comparable store sales up 1% to up 1.5%. Backs FY14 CapEx $28M-$32M; Backs FY14 pre-tax income in range of $8.5M-$11M; Backs FY14 EBITDA in range of $27.5M-$30M.
06:34 EDTWMARWest Marine reports Q3 EPS excl items 23c, consensus 33c
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