Retail operating margin improves at Cabela's

20 Feb '12

4 min read

"Another important trend is expansion of return on invested capital, which increased 120 basis points to 14.3% in 2011," Millner said. "This compares to return on invested capital of just 9.6% three years ago. This important measure reflects continuing effort on balance sheet management and increasing profitability. With the strong performance of our next-generation stores, we remain confident in our ability to further increase return on invested capital."

As previously announced, the Company's Board of Directors has approved a share repurchase program designed primarily to offset shareholder dilution resulting from the granting of equity-based compensation awards. As a result, the Company intends to repurchase up to 800,000 shares of its common stock in open market transactions through February 2013.

"We are extremely pleased with our progress on our strategic initiatives," Millner said. "It is clear our strategies are working, and our next-generation stores are achieving superior results. Accordingly, we expect to achieve double digit full year earnings per share growth in 2012."

Cabela's Incorporated, headquartered in Sidney, Nebraska, is a leading specialty retailer, and the world's largest direct marketer, of hunting, fishing, camping and related outdoor merchandise.

Cabela's Incorporated

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