Home / Knowledge / News / Fashion / Cabela's total revenue up by 15.9%

Cabela's total revenue up by 15.9%

May '08
Cabela's Incorporated, the World's Foremost Outfitter of hunting, fishing and outdoor gear, reported financial results for its first quarter ended March 29, 2008.

Total revenue for the first fiscal quarter of 2008 increased 15.9% to $535.5 million compared to $462.1 million for the first fiscal quarter of 2007. Net income for the first fiscal quarter of 2008 increased 39.4% to $10.0 million, or $0.15 per diluted share, compared to $7.1 million, or $0.11 per diluted share, for the first fiscal quarter of 2007.

In the first fiscal quarter of 2008, retail store revenue increased 37.7% to $254.4 million with a same store sales decrease of 8.4%; direct revenue decreased 0.6% to $236.5 million; and financial services revenue increased 13.9% to $40.7 million.

"We are very pleased with our 70 percent growth in consolidated operating income for the first quarter of the year, despite ongoing challenges in the consumer environment," said Dennis Highby, Cabela's President and Chief Executive Officer. "We are particularly encouraged by operating income increases of 55 percent in our retail segment and 3 percent in our direct segment.

We were able to drive meaningful operating margin expansion in each division due to improved gross margins and expense management. Additionally, our financial services business outperformed our top and bottom line expectations during the quarter. Performance of our managed credit card portfolio with regard to delinquenciesand charge-offs was in line with our expectations."

Must ReadView All

Pic: Shutterstock

Textiles | On 8th Aug 2020

Pandemic causes trade decline, dips commodity prices: IMF

Current account surpluses and deficits narrowed modestly in 2019, and ...

Pic: Shutterstock

Textiles | On 8th Aug 2020

Pak ministry working to get textile policy cleared by ECC

Pakistan's commerce ministry is busy trying to get the Textile Policy ...

Pic: Hermès International

Fashion | On 8th Aug 2020

Hermes Int H1 FY20: revenues €2,488 mn; net profit €335 mn

Hermes International SA, a French high fashion luxury goods...

Interviews View All

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Headhonchos, Indian textile value chain

Indian textile value chain

'One nation, one tax' is a great concept

Textile Industry, Head honchos

Textile Industry
Head honchos

Indian apparel industry looks poised for slow death

Abhishek Ralli,

Abhishek Ralli

Guide group is a government recognised manufacturing house engaged in the...

Madhu Sudhan Bhageria,

Madhu Sudhan Bhageria

Incorporated in August 1990, Filatex India Ltd manufactures manmade...

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Eric Scholler, Groz-Beckert

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

July 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search