Cabela's (CAB) Misses Q4 EPS by 24c

Cabela's (NYSE: CAB) reported Q4 EPS of $1.11, $0.24 worse than the analyst estimate of $1.35. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.26 billion.

During the period, comparable store sales decreased 5.5 percent.

"For the quarter, we experienced growth in merchandise sales, solid performance from Cabela's CLUB, ongoing strong performance from our next generation stores, and normalization of firearm and ammunition sales," said Tommy Millner, Cabela's Chief Executive Officer. "To achieve these results, we invested more in advertising and promotional spending than we had originally planned. This led to lower merchandise margins and earnings per share, but resulted in measurable market share gains. We are encouraged that comparable store sales thus far in 2015 have improved."

"While we took a more aggressive approach to promotions than originally planned, we are pleased with market share gains, next generation store performance, and solid growth at Cabela’s CLUB," Millner said. "As a result, we expect to return to a low-double-digit growth rate in revenue and a high-single to low-double-digit growth rate in diluted earnings per share for full-year 2015 as compared to full-year 2014 non-GAAP diluted earnings per share of $2.88.”

For earnings history and earnings-related data on Cabela's (CAB) click here.

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