West Marine公布了08年第一季度的销售收入状况。截止到2008年3月29日，West Marine净销售额是1.133亿美元，2007年第一季度为1.258亿美元，同期相比下降了9.9%。专卖店的销售额下降了9.4%。税前净亏损为2540万美元，税后每股是81美分，2007年第一季度为1840万美元，税后每股为53美分。第一季度的净亏损是1770万美元，2007年同期为1140万美元。毛利润是2250万美元，同2007年第一季度相比，下降了460万美元。2008年第一季度的毛利润占销售额的19.9%，而2007年同期占21.5%。

　　截止到3月29日的13个星期中，销售和行政支出的费用为4680万美元，2007年同期为4410万美元。增加的270万美元主要有几方面引起的：证券交易委员会正在调查的160万美元，营销支出费用比以往高出90万美元。2008年第一季度的销售和行政费用占销售额的41.4%，而2007年同期占35.0%。由于债务的减少和较低的利息率，2008年第一季度的利息费用是80万美元，2007年同期是140万美元。长期债务是8900万美元，与2007年同期相比下降了660万，即6.9%，比2年前的同期下降了40.0%。

　　West Marine首席执行官Geoff Eisenberg表示，“我们的经营收入略高我们以前的预计。每年的第一季度，我们通常都会亏损。目前的行业处于淡季，但是我们采取必要的措施来确保Westmarine增长。目前的库存状况，减少资本支出以及1亿美元的信贷将使我们作出适当的战略性投资和应对目前的市场挑战。划船季节在北美开始走高，虽然我们没有看到戏剧性的转机。很高兴看到现在的销售额比第一季度有所改善。我们仍然保持乐观的态度，继续执行我们的战略措施，相信West Marine在将来发展的很好。”

　　以下是West Marine公司2008年第一季度经营收入报表：（未经审核）

　　（单位为1000美元，除了股票数据）

　　WestMarine品牌的创立和发展

　　热爱划船的RandyRepass先生在美国创建了WestMarine。主要供应划船用品。现今，在美国的38个洲，波多黎各和加拿大发展成375家WestMarine专卖店。

　　原文：West Marine Q1 Net Loss Grows

　　SportsOneSource Media     Posted: 4/30/2008

　　West Marine, Inc. saw net sales for the first quarter ending March 29, 2008 total $113.3 million, decreASIng 9.9% from net sales of $125.8 million last year. Comparable store sales decreased 9.4% compared to the year-ago quarter. Pre-tax net loss for the thirteen weeks ended March 29, 2008 was $25.4 million, or 81 cents per share after-tax, compared to a pre-tax loss of $18.4 million, or 53 cents per share after-tax last year. The company's net loss for the quarter was $17.7 million, expanding from a year-ago loss of $11.4 million.

　　Gross profit for the thirteen weeks ended March 29, 2008 was $22.5 million, a decrease of $4.6 million compared to the same period last year. Gross profit as a percentage of net sales was 19.9%, a decrease of 160 basis points compared to 21.5% last year. Due to their relatively fixed nature, occupancy expenses as a percentage of net sales increased by almost 200 basis points on the declining sales, driving this reduction in gross profit percentage. Product margins improved slightly year-over-year.

　　Selling, general and administrative expense for the thirteen weeks ended March 29, 2008 was $46.8 million, an increase of $2.8 million compared to $44.1 million for the same period last year. The increase primarily was attributable to expenses associated with the ongoing SEC investigation of $1.6 million, higher marketing expenditures of $0.9 million which reflected a change in timing, and foREIgn exchange losses with an impact of $0.6 million. For the first quarter of 2008, selling, general and administrative expense as a percentage of net sales was 41.4% compared to 35.0% last year. Interest expense was $0.8 million for the first quarter of 2008, down from $1.4 million last year due to reduced debt levels and lower interest rates.

　　As of March 29, 2008, long-term debt was $89.0 million, which is down $6.6 million, or 6.9%, from this time last year, and is down 40.0% from the same period two years ago.

　　Geoff Eisenberg, CEO of West Marine, commented, "Our operating results were mostly in line with our internal expectations, reflective of market softness and weak sales previously announced for the first quarter. While we've always experienced a loss in the first quarter, we have taken significant steps to ensure that West Marine remains very strong financially during this current industry downturn. We believe that our present inventory position, our reduced capital spending plan, and our roughly $100 million credit availability will allow us to make appropriate strategic investments and weather current market chAllenges.

　　The boating season in North America is just starting to move into high gear, and while we don't see a dramatic turnaround in customer activity, we are pleased to see a recent slight improvement in sales compared to first quarter results. We remain cautiously optimistic and believe excellent execution of our key strategic initiatives will position West Marine very well for the future."