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

Courtesy: Pexels

Textiles | On 19th Sep 2018

Punitive PRC tariffs on US goods has extra 5% on textiles

Responding to Washington’s latest duty increase in a dispute with...

Courtesy: Tecnorama

Textiles | On 19th Sep 2018

'Reliability & excellent quality are Tecnorama’s USP'

The complete reliability and excellent quality of Tecnorama systems...

Courtesy:  Stanislav Kondratiev on Unsplash

Apparel/Garments | On 19th Sep 2018

AAFA questions US tariffs on $200 bn Chinese goods

The American Apparel & Footwear Association (AAFA) has questioned...

Interviews View All

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Hannah Lane, Redress

Hannah Lane

Encouragement from brands will motivate supply chains to become more...

Liz Manning,

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Yash Jain & Sanjeev Jain,

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Pranav Mishra, Huemn

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

September 2018

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

news category

Related Categories:

Advanced Search