In conjunction with its 2013 Analyst/Investor day tomorrow, Cabela’s Incorporated (NYSE: CAB) provided its outlook for the first quarter of 2013.
As part of its 2013 Analyst/Investor day, Cabela’s management will provide insight into the Company’s strategic vision for the next several years. Specifically, the Company will review promising growth plans in retail square-footage expansion, improvements in e-commerce capabilities, growth of Cabela’s brand products and enhancements to its premier Cabela’s CLUB loyalty program. A live webcast of the 2013 Analyst/Investor day will begin at 8:30 a.m. PT on Wednesday, March 13, 2013, and can be accessed through the “Webcasts & Events” section of the "Investor Relations" page of the Company’s website at www.cabelas.com. Additionally, the Company will update investors on its anticipated performance for the first quarter of 2013.
“During our fourth quarter conference call, we indicated our business had accelerated into the first quarter,” said Tommy Millner, Cabela’s Chief Executive Officer. “We are pleased to report that this trend has continued through today. These improvements are in both our Retail and Direct channels. This growth is coming from most of our merchandise categories. As a result, we expect first quarter comparable store sales to increase at least at a high-teens rate. We also expect direct revenue to increase at a low to mid-teens rate. Accordingly, first quarter earnings per diluted share are expected to be $0.10 to $0.15 above current external consensus estimates.”
About Cabela’s IncorporatedCabela'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. Since the Company's founding in 1961, Cabela's® has grown to become one of the most well-known outdoor recreation brands in the world, and has long been recognized as the World's Foremost Outfitter®. Through Cabela's growing number of retail stores and its well-established direct business, it offers a wide and distinctive selection of high-quality outdoor products at competitive prices while providing superior customer service. Cabela's also issues the Cabela's CLUB® Visa credit card, which serves as its primary customer loyalty rewards program. Cabela's stock is traded on the New York Stock Exchange under the symbol "CAB".