Cabela’s Earnings: Everything You Must Know Now

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Cabela’s Inc. (NYSE:CAB) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Cabela’s Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 108.33% to $1.25 in the quarter versus EPS of $1.06 in the year-earlier quarter.

Revenue: Rose 13.85% to $1.12 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cabela’s Inc. reported adjusted EPS income of $1.25 per share. By that measure, the company beat the mean analyst estimate of $1.21. It beat the average revenue estimate of $1.07 billion.

Quoting Management: “Every area of our Company performed at very high levels in the fourth quarter,” said Tommy Millner, Cabela’s Chief Executive Officer. “Sales and profit per square foot at our next-generation stores were 40% higher than our legacy stores. Comparable store sales, aided by a surge in firearms and ammunition, increased 12.0%, a new record, and our Direct business grew 1.7%, the first increase in 11 quarters. Assuming more normalized sales of firearms and ammunition, comparable store sales would have increased 5.0%. These strong results combined to improve ROIC by 160 basis points to 15.9% for the full year, the highest level we have seen in eight years.”

Key Stats (on next page)…

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