Financial Reports: West Marine, The Right Start

Net Income Up 22% at West Marine

Watsonville, CA–West Marine (Nasdaq: WMAR), a specialty cataloger/retailer of boating supplies and apparel, posted a 22% increase in net income for its quarter ended Sept. 29. Net income hit $5.4 million, compared to $4.2 million for the same quarter last year. Quarterly net sales increased 4% to $144.1 million from $139.1 million in net sales last year. Because the overwhelming majority of West Marine’s revenues come from aftermarket sales, West Marine says it has traditionally been less affected by economic downturns than manufacturers and sellers of new boats.

The Right Start Regains Nasdaq Compliance Calabasas, CA–Children’s cataloger/retailer The Right Start (Nasdaq: RTST), has received notification from Nasdaq that it had regained compliance with the shareholders’ equity and market value of public float and has met the requirements for continued listing.

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