Cabela's, Inc. (CAB) - Bull of the Day

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Cabela's, Inc.'s ( CAB ) first-quarter 2012 earnings of $0.40 per share beat the Zacks Consensus Estimate of $0.33, and surged 60% from the prior-year quarter. The quarter witnessed healthy revenue growth and profitability at its retail segment, improved performance at Cabela's CLUB Visa program, increased merchandise gross margin and boost in market share.

Merchandise gross margin expanded 150 basis points to 34.5% during the quarter. Management reiterated its long-term goal of increasing the margin by 200-300 basis points. Driven by improving trends, the company expects earnings to increase at a double-digit rate in fiscal 2012.

The company looks to enhance its retail square footage growth by focusing on its next-generation store format and new Outpost store format. Moreover, the company remains committed on alleviating bad debt risk in its credit card business. The gradual improvement in the economy has lowered delinquencies and charge-offs.
 
CABELAS INC (CAB): Free Stock Analysis Report
 
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