West Marine Reports Reports EPS of $0.88

West Marine, Inc. WMAR today released unaudited financial results for the fourth quarter and fiscal year ended January 1, 2011. Net revenues for the thirteen weeks ended January 1, 2011 were $107.3 million, an increase of $3.4 million, or 3.3%, compared to net revenues of $103.9 million for the corresponding period last year, with comparable store sales increasing by $1.3 million, or 1.6%, from last year. Net loss for the fourth quarter of 2010 was $19.8 million, or $0.88 per share. Fourth quarter 2010's net loss was $7.0 million greater than last year's net loss of $12.8 million, or $0.57 per share, for the comparable period.