Without the deal involving CAB’s credit cardreceivables, the outdoor specialist would have generated a 19% increase in Q2net income. Instead, net income slid 36% to $1,987,000 from $3,090,000 for theperiod ended July 3, despite revenue gains in all three segments—direct, retailand financial services. Total Q2 revenues improved 11% to a record $279.1million. The reported results were Cabela’s first since a June 25 IPO.

A 32% increase in retail sales to $96,457,000 from$73,018,000 was largely driven by the retailer’s 11-month old Hamburg, PAstore. Comparable store sales rose a modest 2.5%, fueled by gains in fishingequipment, camping, women and children’s casual apparel and ... Log in to view full article.