Cabela′s (Cabela′s) Cost of Goods Sold : $2,370 Mil (TTM As of Jun. 2017)

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What is Cabela′s Cost of Goods Sold?

Cabela′s's cost of goods sold for the three months ended in Jun. 2017 was $497 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jun. 2017 was $2,370 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Cabela′s's Gross Margin % for the three months ended in Jun. 2017 was 44.2%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Cabela′s's Inventory Turnover for the three months ended in Jun. 2017 was 0.57.

Cabela′s Cost of Goods Sold Historical Data

The historical data trend for Cabela′s's Cost of Goods Sold can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cabela′s Cost of Goods Sold Chart

Cabela′s Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Cost of Goods Sold

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1,769.80

2,030.83

2,060.29

2,286.93

2,426.99

Cabela′s Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
Cost of Goods Sold	Get a 7-Day Free Trial															531.55	589.47	817.82	466.11	496.88

Cabela′s Cost of Goods Sold Calculation

Cost of Goods Sold is the aggregate cost of goods produced and sold, and services rendered during the reporting period. It excludes Total Operating Expense, such as Depreciation, Depletion and Amortization and Selling, General, & Admin. Expense.

Cost of Goods Sold for the trailing twelve months (TTM) ended in Jun. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,370 Mil.

Cabela′s (NYSE:CAB) Cost of Goods Sold Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Cabela′s's Gross Margin % for the three months ended in Jun. 2017 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(890.442	-	496.875)	/	890.442
	=	44.2 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Cost of Goods Sold is also directly linked to another concept called Inventory Turnover:

Cabela′s's Inventory Turnover for the three months ended in Jun. 2017 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	496.875	/	879.1545
	=	0.57

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher inventory turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate inventory turnover. An average inventory is a better indication.

Cabela′s Cost of Goods Sold Related Terms

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Cabela′s (Cabela′s) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Cabela′s Inc (NYSE:CAB) » Definitions » Cost of Goods Sold

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Traded in Other Exchanges

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Address

Website

http://www.cabelas.com

Cabela's Inc was founded in 1961. The Company is a specialty retailer, and the direct marketer, of hunting, fishing, camping, and related outdoor merchandise. It also issues Cabela's CLUB Visa credit card, which serves as its customer loyalty rewards program. The Company operates in four segments Retail, Direct, Financial Services, and Corporate Overhead and Other. In retail segment the Company operated 77 retail stores, 68 stores in 36 states and nine stores in six Canadian provinces. During 2015, it opened 13 retail stores, 11 stores in the United States and two in Canada. It has two basic store formats. Its legacy stores refer to traditional retail stores that opened in August 2008 and earlier. It has 28 traditional, or legacy, retail stores, which offers a tourist-type experience. Its retail stores often attract the construction and development of hotels, restaurants, and other retail establishments adjacent to these stores. The Direct segment sells products through its e-commerce websites (Cabelas.com and Cabelas.ca) and direct mail catalogs. It markets its products through websites, mobile devices, and its print catalog distributions. The Financial Services segment provides customers with a rewards program that enhances revenue, operating profitability, and customer loyalty in its Retail and Direct businesses. Through its wholly-owned bank subsidiary, World's Foremost Bank, it issues and manages the Cabela's CLUB Visa credit card, a rewards based credit card program. The Company's product assortments includes merchandise and equipment for hunting, fishing, marine use, camping, and recreational sport shooting, along with casual and outdoor apparel and footwear, optics, vehicle accessories, and gifts and home furnishings with an outdoor theme. The Corporate Overhead and Other segment includes the value of unredeemed points earned that are associated with the Company's loyalty rewards programs for Cabela's CLUB issued credit cards, net of the estimated costs of the points; amounts received from outfitter services; real estate rental income; land sales; and fees earned from a travel business and other complementary business services. The Company competes with the outdoor recreation and casual apparel and footwear markets. It competes directly or indirectly with other broad-line merchants, large-format sporting goods stores and chains, mass merchandisers, warehouse clubs, discount and department stores, small specialty retailers, and catalog and Internet-based retailers.

Executives

James F Wright	director	TRACTOR SUPPLY COMPANY, 200 POWELL PLACE, BRENTWOOD TN 37027
Thomas L Millner	director, officer: Chief Executive Officer
Beth M Pritchard	director	BORDERS GROUP INC, 100 PHOENIX DRIVE, ANN ARBOR MI 48108
Peter S Swinburn	director	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NY 28202
Donna M Milrod	director	60 WALL STREET, 42ND FLOOR, NEW YORK NY 10005
Michael R Mccarthy	director	1601 DODGE ST, SUITE 3800, OMAHA NE 68102
Scott K Williams	officer: PRESIDENT	170 COUNTRYSIDE DRIVE, P.O. BOX 409, BELLEVILLE WI 53508
Theodore M Armstrong	director	7730 CARONDELET, SUITE 103, ST. LOUIS MO 63105
Ralph W Castner	officer: EXECUTIVE VICE PRESIDENT & CFO	ONE CABELA DRIVE, SIDNEY NE 69160
Reuben Mark	director	300 PARK AVENUE, NEW YORK NY 10022
Stephen Murray	director	CCMP CAPITAL ADVISORS, LLC, 245 PARK AVENUE, NEW YORK NY 10067
Michael Callahan	officer: Senior Vice President	ONE CABELA DRIVE, SIDNEY NE 69160
David Roehr	officer: Executive Vice President	ONE CABELA DRIVE, SIDNEY NE 69160
Mccarthy Group Inc	10 percent owner	1601 DODGE ST, SUITE 3800, OMAHA NE 68102
Fulcrum Growth Partners Llc	10 percent owner	1125 SOUTH 103RD STREET, #450, OMAHA NE 68124