Cabela’s Income Jumps in Q2

Hamburg, Pa., Multi-channel sporting goods retailer Cabela’s reported net income increased to $6.0 million in the second quarter, ending July 2, compared to $2.0 million for the same period a year ago. Total revenue for the second quarter increased 23.2% to a record $343.9 million.

During the second quarter of fiscal 2005, direct revenue increased 10.5% to a record $183.2 million. Total retail revenue increased 13.2% to $109.2 million and-same store sales decreased 6.0%, due in part to the strong performance during the second quarter of fiscal 2004 of the company's Hamburg, Pa., retail store. The Hamburg store contributed 2.8% to the same store sales decline. Financial services revenue increased 103.0% to $30.4 million for the second quarter of fiscal 2005.