Cabela's (CAB) Tops Q1 EPS by 2c, Sales Miss

Cabela's (NYSE: CAB) reported Q1 EPS of $0.40, $0.02 better than the analyst estimate of $0.38. Revenue for the quarter came in at $834.9 million versus the consensus estimate of $860.16 million.

“While we were disappointed with our merchandise sales in the first quarter, we were very pleased with the excellent performance of our Cabela’s CLUB Visa program and our focus on expense management, which continued to provide meaningful contributions to profitability,” said Tommy Millner, Cabela’s Chief Executive Officer. “Similar to broader retail industry trends, we continued to experience challenging traffic patterns in the first quarter. Our growth in average ticket was more than offset by continued decreases in transactions.”

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

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