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Cabela’s Q1 profit up on strong sales
Sidney, Neb. -- Cabela's said Thursday that stronger revenue helped its fiscal first-quarter profit more than double from results weighed down by a hefty charge a year ago.
The reported net income of $17.8 million in the three months ended April 2, up from $8.1 million a year earlier.
The year-ago period included an $11.9 million charge related to a 2009 FDIC compliance examination.
Revenue increased 5% to $586.7 million, from $559.6 million. Same-store sales rose 8.9%.
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Vitamin Shoppe enjoys healthy growth trajectory
The recent opening of the 500th Vitamin Shoppe store was heralded as an important milestone for this rapidly growing company but within a few years the nation’s second largest nutritional products specialty retailer could be eyeing 1,000 units.
“There are many markets we are interested in establishing a presence in, and we will continue to move forward with our growth plans to expand in current markets and penetrate new ones,” Vitamin Shoppe CEO Tony Truesdale said on the occasion of the opening of the 500th store in St. Peters, Mo., earlier this month.
