Net income climbed 58% higher to $8,091,000 from$5,128,000 for the period ended April 3. Q1 total revenues at the outdoorretailer were 4% higher at $559,610,000 versus $539,540,000. Results include anafter-tax special charge of $12 million related to a settlement with the FDICconcerning over limit fees, penalty interest rates and late fees charged toCabela’s credit card customers over the last six years. Operating margin in Q1improved 50 b.p. to 2.8% on a strong performance by its bank unit, improvedcatalog productivity and lower retail labor costs.

CAB received quarterly operating income contributionsfrom its direct and financial services segments while the retail contributionwas off ... Log in to view full article.