Cabela's (CAB) Misses Q3 EPS by 2c

Cabela's (NYSE: CAB) reported Q3 EPS of $0.71, $0.02 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $928.5 million versus the consensus estimate of $971.69 million.

U.S. Comp Store Sales Decreased 3.3%, Consolidated Comp Store Sales Decreased 4.2%

In addition to its initiatives to reduce costs, the Company has begun a process to optimize its balance sheet. As part of this process, the Company plans to reduce working capital and sell unproductive assets. The proceeds from this balance sheet improvement will be used to help fund the Company’s previously announced $500 million share repurchase program.

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

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