Cabelas, Inc. (CAB) Misses Q1 EPS by 1c; Guides Q2 EPS Below the Street

Cabelas, Inc. (NYSE: CAB) reported Q1 EPS of $0.36, $0.01 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $725.8 million versus the consensus estimate of $734.25 million. Firearms and Ammunition Declines Lead to Comparable Store Sales Decrease of 21.7%.

Cabelas, Inc. sees Q2 2014 EPS of $0.45-$0.55, versus the consensus of $0.61. Cabelas, Inc. sees Q3 2014 EPS of $0.85-$0.95.

“In the first quarter, we anniversary the most difficult comparisons versus the firearms and ammunition surge last year,” said Tommy Millner, Cabela’s Chief Executive Officer. “As we cycle through the unprecedented comparisons from 2013, we are encouraged by our strong fundamentals. Specifically, these include: excellent new store performance, increased penetration of Cabela’s branded softgoods and growth in our Cabela’s CLUB loyalty program. First quarter profits were within our guidance as tight expense management and strong profits from Cabela’s CLUB offset weaker revenue and lower merchandise margin.”

For earnings history and earnings-related data on Cabelas, Inc. (CAB) click here.

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