Net revenues for the nine months ended October 3, 2009 were $484.5 million, a decrease of 6.9% from $520.2 million for the nine months ended September 27, 2008. Comparable store sales declined 3.4%.
Geoff Eisenberg, CEO of West Marine, said: "We had planned for considerably lower revenues, so we're quite pleased with our third quarter sales results. We experienced a number of favorable impacts on our business including continued improvement in boat usage, continued movement towards do-it-yourself projects, continued good results from our product expansions and larger store formats, favorable weather conditions in most markets, and continued progress in attracting customers who previously shopped at now-closed competitors."
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