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Cabela's Q4 same store sales up 2.2%
20 Feb '09
3 min read
"Despite the current macroeconomic environment, recent encouraging trends in our business lead us to expect 2009 consolidated revenue to decline only slightly as compared with 2008 and earnings per share to be roughly equal with 2008 levels.
This guidance incorporates a low single-digit percentage decline in same store sales and direct revenue, and charge-offs of 4.5-4.6%, for the full year," Highby said. "A significant amount of our business is driven by a group of core customers who we have found to be very resilient during a recession. Just as we have seen in previous recessions, these customers are continuing to shop at Cabela's."
This guidance incorporates a low single-digit percentage decline in same store sales and direct revenue, and charge-offs of 4.5-4.6%, for the full year," Highby said. "A significant amount of our business is driven by a group of core customers who we have found to be very resilient during a recession. Just as we have seen in previous recessions, these customers are continuing to shop at Cabela's."
Cabela's Incorporated
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