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Cabela's, Inc. (CAB)
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Cabela's, Inc. (CAB - Analyst Report) third-quarter 2011 earnings of $0.50 per share beat the Zacks Consensus Estimate of $0.44, and surged 61.3% from the prior-year quarter. The quarter witnessed healthy revenue growth and profitability at its retail segment, sturdy performance at Cabela's CLUB Visa program, strong merchandise gross margin and increased market share.
Merchandise gross margin expanded 140 basis points to 35.9% during the quarter. Management reiterated its long-term goal of increasing the margin by 200-300 basis points. Driven by improving trends, the company now expects earnings to beat the consensus in fiscal 2011 and increase at a low double-digit rate in fiscal 2012.
The company also remains focused on alleviating bad debt risk in its credit card business. The gradual improvement in the economy has lowered delinquencies and charge-offs.
Cabela&39;s, Inc. (CAB) : FULL ANALYST REPORT
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