-
Cabela's reports profit, sales rise in Q4
Sidney, Neb. -- Cabela's reported Thursday that net income for the quarter ended Jan. 1 rose to $59.9 million, compared with $52.4 million in the year-ago period.
Total revenue for the quarter increased 8.4% to $934 million; retail store revenue increased 11.4% to $479 million.
Same-store sales increased 7.3%.
"With this quarter's performance, it is clear our strategies are working and we are gaining momentum," said Tommy Millner, Cabela's CEO.
-
Liz Clairborne narrows loss
New York City -- Liz Claiborne narrowed its fourth-quarter loss as the company trimmed expenses. But it issued a lackluster outlook for its coming fiscal year.
The company said Thursday that it lost $30.1 million, compared with a loss of $41.7 million in the prior-year period.
Revenue dropped 7% to $703.7 million from $756.5 million, down mostly because of a transition in the licensing model under its J.C. Penney Co. and QVC deals.
Still, the results topped Wall Street's $684.6 million