Cabela's Inc. (CAB, Financial) filed Quarterly Report for the period ended 2010-07-03.
Cabela's Inc. has a market cap of $1.07 billion; its shares were traded at around $15.76 with a P/E ratio of 10.5 and P/S ratio of 0.4. Cabela's Inc. had an annual average earning growth of 0.1% over the past 5 years.CAB is in the portfolios of Wallace Weitz of Weitz Wallace R & Co, John Buckingham of Al Frank Asset Management, Inc., James Barrow of Barrow, Hanley, Mewhinney & Strauss, Bruce Kovner of Caxton Associates, Kenneth Fisher of Fisher Asset Management, LLC, George Soros of Soros Fund Management LLC, Steven Cohen of SAC Capital Advisors.
Revenues in the six months ended July 3, 2010, totaled $1.1 billion, a decrease of $3 million, or 0.3%, compared to the six months ended June 27, 2009. Total revenue in the six months ended June 27, 2009, included $12 million of revenue from our taxidermy and Wild Wings businesses. Total revenue for the six months ended July 3, 2010, compared to the six months ended June 27, 2009 (adjusted for the effect of these divestures), would have resulted in an increase of $9 million, or 0.9%. Financial Services revenue increased $38 million, or 49.3%, in the six months ended July 3, 2010, compared to the six months ended June 27, 2009, primarily due to a lower provision for loan losses, increases in interest, fee, and interchange income, a decrease in interest expense, and the growth in the number of active accounts and average balance per account.
Operating income for the three months ended July 3, 2010, increased $12 million, or 61.9%, compared to the three months ended June 27, 2009, and total operating income as a percentage of total revenue increased 240 basis points over the same period. Operating income for the six months ended July 3, 2010, increased $15 million, or 49.0%, compared to the six months ended June 27, 2009, and total operating income as a percentage of total revenue increased 140 basis points over the same period. These increases in total operating income and total operating income as a percentage of total revenue in the three and six months ended July 3, 2010, compared to the three and six months ended June 27, 2009, were primarily due to:
Operating income for our Retail business segment increased $7 million for both the three and six months ended July 3, 2010, over the respective fiscal 2009 periods to total $41 million and $59 million, respectively. In addition, operating income as a percentage of Retail business segment revenue increased to 14.0% in the three months ended July 3, 2010, up 270 basis points compared to the three months ended June 27, 2009, and up 140 basis points to 10.4% in the six months ended July 3, 2010, compared to the six months ended June 27, 2009. We continue to streamline the flow of merchandise to our stores increasing productivity and reducing labor costs as a percentage of revenue.
Our Direct revenue decreased $28 million, or 14.0%, in the three months ended July 3, 2010, compared to the three months ended June 27, 2009, primarily due to our inventory reduction initiatives which resulted in fill rates being significantly lower than the second quarter of fiscal 2009 and to fewer clearance catalogs distributed in the three months ended July 3, 2010, due to reduced levels of problematic inventory. The three and six months ended July 3, 2010, was also affected by a decrease in the sales of ammunition and reloading supplies. In the six months ended July 3, 2010, Direct revenue decreased $31 million, or 7.2%, compared to the six months ended June 27, 2009. Direct revenue in the three and six months ended June 27, 2009, included $5 million and $12 million, respectively, of revenue from our non-core taxidermy and Wild Wings businesses. For comparative purposes, Direct revenue in the three and six months ended July 3, 2010, compared to the three and six months ended June 27, 2009 (adjusted for the effect of these divestitures), would have resulted in decreases of 11.7% and 4.4%, respectively.
The managed reduction in catalog pages circulated resulted in a decrease of $3 million and $6 million, respectively, in catalog-related costs comparing the three and six months ended July 3, 2010, to the three and six months ended June 27, 2009. As a result of our focus on smaller, more specialized catalogs in the first six months of fiscal 2010, we were able to reduce the number of catalog pages mailed but increased total circulation, leading to continued improvements in marketing costs. As a percentage of Direct revenue, catalog-related costs decreased 40 basis points to 13.0% for the six months ended July 3, 2010, compared to the six months ended June 27, 2009. Operating income for our Direct business segment was $31 million and $61 million in the three and si
Read the The complete Report
Cabela's Inc. has a market cap of $1.07 billion; its shares were traded at around $15.76 with a P/E ratio of 10.5 and P/S ratio of 0.4. Cabela's Inc. had an annual average earning growth of 0.1% over the past 5 years.CAB is in the portfolios of Wallace Weitz of Weitz Wallace R & Co, John Buckingham of Al Frank Asset Management, Inc., James Barrow of Barrow, Hanley, Mewhinney & Strauss, Bruce Kovner of Caxton Associates, Kenneth Fisher of Fisher Asset Management, LLC, George Soros of Soros Fund Management LLC, Steven Cohen of SAC Capital Advisors.
Highlight of Business Operations:
Revenues in the three months ended July 3, 2010, totaled $526 million, a decrease of $23 million, or 4.2%, over the three months ended June 27, 2009. Total revenue in the three months ended June 27, 2009, included $5 million of revenue from our taxidermy and Wild Wings businesses. We divested of these non-core businesses in the fall of 2009. Total revenue for the three months ended July 3, 2010, compared to the three months ended June 27, 2009 (adjusted for the effect of these divestures), would have resulted in a decrease of $18 million, or 3.3%. Financial Services revenue increased $12 million, or 28.0%, in the three months ended July 3, 2010, compared to the three months ended June 27, 2009, primarily due to a lower provision for loan losses, increases in interchange, interest, and fee income, a decrease in interest expense, and the growth in the number of active accounts and average balance per account.Revenues in the six months ended July 3, 2010, totaled $1.1 billion, a decrease of $3 million, or 0.3%, compared to the six months ended June 27, 2009. Total revenue in the six months ended June 27, 2009, included $12 million of revenue from our taxidermy and Wild Wings businesses. Total revenue for the six months ended July 3, 2010, compared to the six months ended June 27, 2009 (adjusted for the effect of these divestures), would have resulted in an increase of $9 million, or 0.9%. Financial Services revenue increased $38 million, or 49.3%, in the six months ended July 3, 2010, compared to the six months ended June 27, 2009, primarily due to a lower provision for loan losses, increases in interest, fee, and interchange income, a decrease in interest expense, and the growth in the number of active accounts and average balance per account.
Operating income for the three months ended July 3, 2010, increased $12 million, or 61.9%, compared to the three months ended June 27, 2009, and total operating income as a percentage of total revenue increased 240 basis points over the same period. Operating income for the six months ended July 3, 2010, increased $15 million, or 49.0%, compared to the six months ended June 27, 2009, and total operating income as a percentage of total revenue increased 140 basis points over the same period. These increases in total operating income and total operating income as a percentage of total revenue in the three and six months ended July 3, 2010, compared to the three and six months ended June 27, 2009, were primarily due to:
Operating income for our Retail business segment increased $7 million for both the three and six months ended July 3, 2010, over the respective fiscal 2009 periods to total $41 million and $59 million, respectively. In addition, operating income as a percentage of Retail business segment revenue increased to 14.0% in the three months ended July 3, 2010, up 270 basis points compared to the three months ended June 27, 2009, and up 140 basis points to 10.4% in the six months ended July 3, 2010, compared to the six months ended June 27, 2009. We continue to streamline the flow of merchandise to our stores increasing productivity and reducing labor costs as a percentage of revenue.
Our Direct revenue decreased $28 million, or 14.0%, in the three months ended July 3, 2010, compared to the three months ended June 27, 2009, primarily due to our inventory reduction initiatives which resulted in fill rates being significantly lower than the second quarter of fiscal 2009 and to fewer clearance catalogs distributed in the three months ended July 3, 2010, due to reduced levels of problematic inventory. The three and six months ended July 3, 2010, was also affected by a decrease in the sales of ammunition and reloading supplies. In the six months ended July 3, 2010, Direct revenue decreased $31 million, or 7.2%, compared to the six months ended June 27, 2009. Direct revenue in the three and six months ended June 27, 2009, included $5 million and $12 million, respectively, of revenue from our non-core taxidermy and Wild Wings businesses. For comparative purposes, Direct revenue in the three and six months ended July 3, 2010, compared to the three and six months ended June 27, 2009 (adjusted for the effect of these divestitures), would have resulted in decreases of 11.7% and 4.4%, respectively.
The managed reduction in catalog pages circulated resulted in a decrease of $3 million and $6 million, respectively, in catalog-related costs comparing the three and six months ended July 3, 2010, to the three and six months ended June 27, 2009. As a result of our focus on smaller, more specialized catalogs in the first six months of fiscal 2010, we were able to reduce the number of catalog pages mailed but increased total circulation, leading to continued improvements in marketing costs. As a percentage of Direct revenue, catalog-related costs decreased 40 basis points to 13.0% for the six months ended July 3, 2010, compared to the six months ended June 27, 2009. Operating income for our Direct business segment was $31 million and $61 million in the three and si
Read the The complete Report
