West Marine, Inc. (NASDAQ:WMAR) will hold a conference
call and webcast on Thursday, March 2, 2006 at 8:30 AM Pacific Time to
discuss the Fourth Quarter 2005 Results and 2006 Earnings Guidance.
West Marine's Earnings Release will be furnished to the Securities and
Exchange Commission under cover of a Form 8-K.
The live call will be webcast and available in real time on the Internet at www.westmarine.com in the "Investor Relations" section. The earnings release will also be posted on the Internet at www.westmarine.com in the "Press Releases" section on the Investor Relations page. Please allow extra time prior to the call to visit the site and download the streaming media software required to listen to the Internet broadcast.
Interested parties can also connect to the conference call by dialing (888) 756-1546 in the U.S. and (706) 634-1083 for international calls. The call leader is Eric Nelson, Chief Financial Officer.
An audio replay of the call will be available March 2, 2006 at 12:00 PM Pacific Time through March 9, 2006 at 11:59 PM Pacific Time. The replay number is 800-642-1687 in the U.S. and 706-645-9291 for international calls. The access code is 5629551.
About West Marine
West Marine, the country's favorite retailer of boating supplies and accessories, has over 400 West Marine stores in 38 states, Puerto Rico and Canada. The Company's catalog and Internet channels offer customers approximately 50,000 products - far more than any competitor - and the convenience of exchanging catalog and Internet purchases at its retail stores. The Company's Port Supply division is the country's largest wholesale distributor of marine equipment serving boat manufacturers, marine services, commercial vessel operators and government agencies. For more information on West Marine's products and store locations, or to start shopping, visit www.westmarine.com or call 1-800-BOATING (1-800-262-8464).
Special Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, including forward-looking statements concerning earnings expectations and statements that are predictive or express expectations that depend on future events or conditions that affect financial performance (including future revenues, earnings or growth rates) and that involve a number of risks and uncertainties. These forward-looking statements include, among other things, statements that relate to West Marine's future plans, expectations, objectives, performance, and similar projections, as well as facts and assumptions underlying these statements or projections. Actual results may differ materially from the results expressed or implied in these forward-looking statements due to various risks, uncertainties or other factors. Risks and uncertainties include: West Marine's ability to increase customer traffic and sales at its existing stores and to open new stores as planned; West Marine's ability to successfully implement business plans and growth initiatives; maintenance of customer traffic and brand loyalty at BoatU.S. stores that are rebranded as West Marine stores; borrowing availability and risks associated with a new loan facility; competitive pricing pressures; inventory management issues such as in-stock rates, shrink and obsolescence; market share erosion as competitors open new stores or expand their product offerings; the level of consumer spending on recreational water sports and boating supplies; and fluctuations in fuel prices. West Marine's operations could be adversely affected if unseasonably cold weather, prolonged winter conditions, natural disasters such as hurricanes, or extraordinary amounts of rainfall occur during the peak boating season in the second and third quarters, and other risk factors described from time to time in West Marine's filings with the Securities and Exchange Commission, including West Marine's quarterly report on Form 10-Q for the period ended October 1, 2005. Except as required by applicable law, West Marine assumes no responsibility to update any forward-looking statements as a result of new information, future events or otherwise.
The live call will be webcast and available in real time on the Internet at www.westmarine.com in the "Investor Relations" section. The earnings release will also be posted on the Internet at www.westmarine.com in the "Press Releases" section on the Investor Relations page. Please allow extra time prior to the call to visit the site and download the streaming media software required to listen to the Internet broadcast.
Interested parties can also connect to the conference call by dialing (888) 756-1546 in the U.S. and (706) 634-1083 for international calls. The call leader is Eric Nelson, Chief Financial Officer.
An audio replay of the call will be available March 2, 2006 at 12:00 PM Pacific Time through March 9, 2006 at 11:59 PM Pacific Time. The replay number is 800-642-1687 in the U.S. and 706-645-9291 for international calls. The access code is 5629551.
About West Marine
West Marine, the country's favorite retailer of boating supplies and accessories, has over 400 West Marine stores in 38 states, Puerto Rico and Canada. The Company's catalog and Internet channels offer customers approximately 50,000 products - far more than any competitor - and the convenience of exchanging catalog and Internet purchases at its retail stores. The Company's Port Supply division is the country's largest wholesale distributor of marine equipment serving boat manufacturers, marine services, commercial vessel operators and government agencies. For more information on West Marine's products and store locations, or to start shopping, visit www.westmarine.com or call 1-800-BOATING (1-800-262-8464).
Special Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, including forward-looking statements concerning earnings expectations and statements that are predictive or express expectations that depend on future events or conditions that affect financial performance (including future revenues, earnings or growth rates) and that involve a number of risks and uncertainties. These forward-looking statements include, among other things, statements that relate to West Marine's future plans, expectations, objectives, performance, and similar projections, as well as facts and assumptions underlying these statements or projections. Actual results may differ materially from the results expressed or implied in these forward-looking statements due to various risks, uncertainties or other factors. Risks and uncertainties include: West Marine's ability to increase customer traffic and sales at its existing stores and to open new stores as planned; West Marine's ability to successfully implement business plans and growth initiatives; maintenance of customer traffic and brand loyalty at BoatU.S. stores that are rebranded as West Marine stores; borrowing availability and risks associated with a new loan facility; competitive pricing pressures; inventory management issues such as in-stock rates, shrink and obsolescence; market share erosion as competitors open new stores or expand their product offerings; the level of consumer spending on recreational water sports and boating supplies; and fluctuations in fuel prices. West Marine's operations could be adversely affected if unseasonably cold weather, prolonged winter conditions, natural disasters such as hurricanes, or extraordinary amounts of rainfall occur during the peak boating season in the second and third quarters, and other risk factors described from time to time in West Marine's filings with the Securities and Exchange Commission, including West Marine's quarterly report on Form 10-Q for the period ended October 1, 2005. Except as required by applicable law, West Marine assumes no responsibility to update any forward-looking statements as a result of new information, future events or otherwise.