-
Relocation, ad expenses clip Cabela’s Q4 income
Sidney, Neb. - Incremental expenses related to the relocation of a distribution center in Winnipeg, Canada, as well as increased promotional and advertising spending, helped drive down Cabela’s Inc. net income 2% to $78.6 million from $80.1 million in the fourth quarter of fiscal 2014.
Total revenue increased 7% to $1.3 billion, from $1.2 billion. Although increased retail store revenue fueled total revenue growth, same-store sales fell 5.5%.
-
Report: Argos Merger provides $1.9 billion funding for PetSmart buyout
Phoenix – The $8.7 billion private equity acquisition of PetSmart Inc. that was announced in December 2014 is one step closer to fruition. Argos Merger is providing a $1.9 billion senior note unsecured offering to finance the purchase.

