Cabela's posts Q4 2007 results, expects to open two stores

30 Jan '08

4 min read

Cabela's Incorporated, the World's Foremost Outfitter of hunting, fishing, and outdoor gear, announced preliminary financial results for its fourth fiscal quarter and fiscal year ended December 29, 2007, as well as earnings guidance for fiscal 2008.

For the fourth quarter, Cabela's expects to report a 13.9% increase in total revenue, including a 3.3% increase in direct business revenue. Total retail store revenue is expected to increase 31.8%, including a 5.9% decline in same store sales. Diluted earnings per share for the fourth quarter are expected to be in the range of $0.83 to $0.85.

For full-year 2007, total revenue is expected to increase 13.9% over 2006, with a 3.9% increase in direct business revenue. Total retail store revenue is expected to increase 27.2%, with a 1.2% decline in same store sales. Diluted earnings per share for fiscal 2007 are expected to be in the range of $1.29 to $1.31.

The Company's fourth quarter results were primarily impacted by a challenging retail environment which negatively impacted the Company's same store sales and to a lesser extent the Company's direct business. Additionally, productivity of some new stores did not meet expectations.

During 2008, the Company intends to significantly slow retail expansion and focus on improving the profitability of its existing operations. The primary focus of the Company during the year will be to improve:

• advertising strategy by using more targeted campaigns throughout its multi-channel model;

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