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%.



For fiscal 2014, net income fell 10% to $201.7 million, from $224.4 million a year earlier. Revenue climbed 2% to $3.65 billion from $3.6 billion.



For fiscal 2015, Cabela’s expects to return to a low-double-digit growth rate in revenue and a high-single to low-double-digit growth rate in diluted earnings per share.