Cabela's Posts Strong Second Quarter
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Cabela's Posts Strong Second Quarter





Outdoor retailer Cabela's Inc. on Thursday reported net profit increased 32 percent in the second quarter. Net income was $8.4 million, or 13 cents per share, compared to $6.0 million, or 9 cents per share for the same period a year ago. The results beat Wall Street expectations. Total revenue for the quarter increased 12.6 percent to a record $387.3 million, compared to $343.9 million for the same period last year. "Our strong second quarter results are a testament to the power of our brand, the compelling nature of our operating model and the high level of execution from our entire organization," said Dennis Highby, Cabela's president and CEO. Cabela's is traded on the New York Stock Exchange under the ticker symbol CAB.

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