Net income was $16,503,000 against $10,237,000 on a16% total revenue increase to $383,810,000 from $331,209,000. Sales by channelshowed a 3.8% gain in direct sales to $221 million; 37% improvement in retailsales to $140.5 million and a 40% hike in financial services revenues to $22.3million. CAB management downplayed a negative 3% retail comp in the period,citing the small number of stores in the chain’s comparable base and blamingthe decline on a snafu with a promotional gift card mailing. Without thefiasco, comps would have been flat. Meanwhile, management has confirmed the Q4EPS guidance range of $.90-.96 ($59.8-63.8 mm).
Cabela’s remains committed to a ... Log in to view full article.