Cabela's sees improved 4Q revenue

SIDNEY, Neb. Cabela’s reported that total revenue for its fiscal fourth quarter increased 5.5% to $917.6 million; retail store revenue increased 8% to $463.8 million; and direct revenue increased 1.3% to $406 million.

For the quarter, net income was $52.4 million compared with $52.7 million in the year ago quarter and diluted earnings per share for the quarter were 77 cents compared with 79 cents in the year ago quarter, each excluding impairment and other special charges.

“Our fourth quarter and full year results exceeded our expectations and reflect the significant progress we have made related to our strategic initiatives,” said Tommy Millner, Cabela’s CEO.  “Additionally, we made improvements in retail store merchandising processes, as well as distribution and logistics, and continued to focus on improving customer service through training and mentoring programs. We are confident we will continue to improve the four wall contribution of our retail stores.”