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Cabela's revenue, income up in Q1
SIDNEY, Neb. — Cabela's revenue for the first quarter increased 6.3% to $623.5 million and included a retail store revenue increase of 14.4% to $345.3 million and a direct revenue decrease of 8.3% to $190.2 million. For the quarter, comparable-store sales increased 4.2%.
The company reported that net income increased 62% to $28.8 million compared with $17.8 million in the year ago quarter, and earnings per diluted share were 40 cents compared with 25 cents in the year ago quarter.
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Marcus & Millichap names Denver retail exec
Denver -- Marcus & Millichap Real Estate Investment Services announced that Jon Hendrickson has been named associate director of the firm’s National Retail Group in Denver.
Hendrickson joined Marcus & Millichap’s sales intern program in 2004, became an agent in 2006 and was promoted to senior associate in 2009.