Saying that it had planned for a big Holiday quarter with higher merchandise levels, more compelling advertising and higher store staffing levels, Cabela’s net income quadrupled to $66,302,000 from $16,600,000 for the three months ended Jan 1. Revenues were up 2% to $934,411,000 from $919,168,000; however, adjusting for the disposition of Wild Wings and Van Dyke’s, revenues rose 8.4% with retail sales up 11.4% to $479 million, direct revenues up 1% to $386 million and financial services revenues up 28% to $58 million. Comp store sales were up 7.3%. This year included a one-time gain of $10 million related to ... Log in to view full article.