Cabela's (CAB) Reports Q3 EPS of $0.28, Beats by 10c; CEO Comments on Guidance

October 27, 2009 8:34 AM EDT

Cabela's Inc. (NYSE: CAB) reports Q3 EPS of $0.28, 10 cents better than the analyst estimate of $0.18. Revenue for the quarter was $624.3 million, which compares to the estimate of $622.95 million.

Q3 same store sales rose 3.5%.

"As we look ahead into the fourth quarter, we are encouraged by the strength we are seeing in sales in the first four weeks of the quarter," Tommy Millner, CEO said. "For the full year 2009, we continue to expect direct revenue to decline at a low to mid-single-digit percentage rate. Due to favorable trends that we have seen in our business, we now expect full year 2009 total revenue growth and comparable store sales to increase at a mid-single-digit percentage rate as compared to our prior guidance of a low single-digit percentage rate. Additionally, we now expect net charge-offs at World's Foremost Bank to be between 5.1% and 5.3% for the full year as compared to our previous guidance of 5.1% to 5.5%. As a result, we now expect full year earnings per diluted share to increase at a mid-single-digit percentage rate with an opportunity to exceed these results should the strength we have seen in October continue for the remainder of the year. This compares to our previous forecast of full year earnings per diluted share to be roughly equal with 2008 levels."

Related Categories

Earnings
Guidance
Retail Sales

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