West Marine Q3 revenues decline 6.7%

Watsonville, Calif. West Marine reported Thursday that its net revenues for the 2009 fiscal third quarter ended Oct. 3, were $168.2 million, reflecting a decrease of 6.7% from the year-ago period.

Comp-store sales dropped $6.3 million, or 4.3%, from last year, affected by the move of the Fourth of July holiday from the third quarter to the second quarter in 2009, according to the company.

Net revenues in the stores segment for West Marine’s 2009 fiscal third quarter were $151.4 million, a decrease of 5.2%.

West Marine, the largest specialty retailer of boating supplies and accessories, has 337 company-operated stores located in 38 states, Puerto Rico, Canada and two franchised stores located in Turkey.