West Marine continued its trajectory of growth in the fourth quarter and for fiscal 2015 and said it anticipates a pretax profit increase of more than 50 percent in 2016.
West Marine is the largest specialty retailer of boating supplies and accessories, with nearly 300 company-operated stores in 38 states, Puerto Rico and Canada and five franchised stores in Turkey.
West Marine is looking for marine-focused non-profits in the Miami area to participate in the Cruising for a Cause charity night the retailer will hold in conjunction with the grand opening of its Aventura, Fla., store.
West Marine will celebrate the grand opening of its store in San Juan, Puerto Rico — its largest on the island — from Feb. 18-20.
West Marine reported double-digit earnings growth year-to-date, with net income of $15.6 million in the third quarter and earnings per share of $0.63, compared to $12.2 million and $0.50 last year.
Marine retailer West Marine is giving $1,500 to 29 youth boating organizations in the company’s first allocation of BlueFuture Fund grants.
West Marine is reporting double-digit second-quarter earnings growth — a 14.4 percent increase from $18.3 million to $20.9 million.
West Marine will accept nominations for 2015 youth boating grants until July 31.
West Marine’s 2016 West Advantage Calendar Photo Contest is underway and the waterlife outfitter said 13 talented photographers will see images of their life on the water featured in the 2016 calendar.
West Marine today reported a 12.1 percent increase in first-quarter revenue, to $127.1 million, from the same quarter last year and a 13.3 percent hike in comparable-store sales.
West Marine announced its 2015 “Deck Out Dad” promotion, which runs from May 11 to June 19, with the winner announced the week after Father’s Day.