Cabela's Incorporated reported strong financial results for fourth quarter fiscal 2013.
Cabela's Incorporated reported strong financial results for fourth quarter fiscal 2013. For the quarter, adjusted for the Visa antitrust settlement, #
For the quarter, adjusted for the Visa antitrust settlement, total revenue increased 4.9% to $1.2 billion; Retail store revenue increased 7.3% to $711.8 million; direct revenue decreased 4.1% to $369.7 million; and Financial Services revenue increased 23.4% to $102.7 million. For the quarter, comparable store sales decreased 10.1%.
Cabela's Incorporated reported strong financial results for fourth quarter fiscal 2013. For the quarter, adjusted for the Visa antitrust settlement, #
On a GAAP reported basis, total revenue increased 6.1% and Financial Services revenue increased 45.7%. For the quarter, net income increased 5.5% to $94.7 million compared to $89.8 million in the year ago quarter, and earnings per diluted share were $1.32 compared to $1.25 in the year ago quarter, each adjusted for certain items. The Company reported GAAP net income of $80.1 million and earnings per diluted share of $1.12 as compared to GAAP net income of $68.0 million and earnings per diluted share of $0.95 in the year ago quarter.
Cabela's Incorporated reported strong financial results for fourth quarter fiscal 2013. For the quarter, adjusted for the Visa antitrust settlement, #
Fourth quarter 2013 GAAP results included provisions for interest and taxes related to an increase in tax reserves of $0.16 per diluted share and an impairment loss of $0.04 per diluted share related to a retail store site. Fourth quarter 2012 GAAP results included impairment losses of $0.19 per diluted share primarily related to land held for sale and an $0.11 per diluted share reduction related to the Visa antitrust settlement.
Cabela's Incorporated reported strong financial results for fourth quarter fiscal 2013. For the quarter, adjusted for the Visa antitrust settlement, #
For fiscal 2013, net income increased 22.0% to $238.3 million compared to $195.3 million last year, and earnings per diluted share were $3.32 compared to $2.72 a year ago, each adjusted for certain items. The Company reported GAAP net income of $224.4 million and earnings per diluted share of $3.13 as compared to GAAP net income of $173.5 million and earnings per diluted share of $2.42 a year ago.
Cabela's Incorporated reported strong financial results for fourth quarter fiscal 2013. For the quarter, adjusted for the Visa antitrust settlement, #
Fiscal 2013 GAAP results included adjustments to the Visa antitrust settlement liability resulting in a $0.03 per diluted share benefit, impairment and expense adjustments primarily related to two retail locations of $0.06 per diluted share, and provisions for interest and taxes related to an increase in tax reserves of $0.16 per diluted share.
Cabela's Incorporated reported strong financial results for fourth quarter fiscal 2013. For the quarter, adjusted for the Visa antitrust settlement, #
Fiscal 2012 GAAP results included impairment losses of $0.19 per diluted share primarily related to land held for sale and a $0.11 per diluted share reduction related to the Visa antitrust settlement.
Cabela's Incorporated reported strong financial results for fourth quarter fiscal 2013. For the quarter, adjusted for the Visa antitrust settlement, #
During the fourth quarter, the Company reserved $9.3 million for potential adjustments to the provision for income taxes that may result from audits in progress and $3.6 million of interest related to these matters. For 2014, the tax rate is expected to be between 33.0% and 34.0%.
Cabela's Incorporated reported strong financial results for fourth quarter fiscal 2013. For the quarter, adjusted for the Visa antitrust settlement, #
Cabela's Incorporated reported strong financial results for fourth quarter fiscal 2013. For the quarter, adjusted for the Visa antitrust settlement, #
Cabela's Incorporated reported strong financial results for fourth quarter fiscal 2013. For the quarter, adjusted for the Visa antitrust settlement, #
Cabela's Incorporated reported strong financial results for fourth quarter fiscal 2013. For the quarter, adjusted for the Visa antitrust settlement, #
Cabela's