Cabela's Profit Up In First Quarter
Sign In SHOPPING CART:0 ITEMSTOTAL: $0.00View Cart

Helping You Get the Most From Your Hunting Dogs


Cabela's Profit Up In First Quarter





Cabela's Inc. on Thursday reported that profit increased nearly 17 percent in the first quarter. Net income was $9.1 million, or 14 cents per share, compared to $7.8 million, or 12 cents per share for the same period a year ago. Revenue increased 15.5 percent in the quarter to a record $404.8 million, compared to $350.6 million for the same period last year. The results were in line with Wall Street estimates. "Our solid first quarter results reflect the continued rapid growth of our retail business, the ongoing strength in our financial services segment and the continuing expansion of our operating margin," said Dennis Highby, Cabela's president and CEO. The company said it will open four new retail destination stores this year -- in Glendale, Ariz.; Boise, Idaho; Richfield, Wis.; and La Vista, Neb. -- bringing its total of stores to 18 at year end. Cabela's is traded on the New York Stock Exchange under the ticker symbol CAB.
NSSF Bullet Points

We want your input:
Logo
Copyright ©2024   - All Rights Reserved