Preview - Please log in to view full article.

Article Date: February 2017
Word Count: 370

Cabela’s Comps Tumble in Final Quarter


Net income fell 26% in the final quarter to $58,059,000 from $78,791,000 as total revenues declined 5% to $1,338,305,000 from $1,407,827,000 impacted by weak traffic and the falloff in firearms demand after the election. Retail store revenue was off 4% to $888.2 million with comp store sales down 6.5% even adjusted for the 53rd week in Q4 last year. U.S. adjusted comps were down 6.4%. Internet and catalog sales decreased 12.4% to $307.8 million. Adjusted for the 53rd week, total revenue increased 1.0%, retail store sales increased 4.9%, and Internet and catalog sales decreased 4.7%. Financial services revenue ticked up ... Log in to view full article.

 


Already a subscriber?

User Name:  

Password:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.