Cabela's, Inc. (CAB)
by Zacks Equity ResearchSeptember 14, 2012 | Comments : 1 Recommended this article: (0)
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Total revenue grew 11.6% to $627.3 million, whereas merchandise gross margin expanded 70 basis points to 37.4% during the quarter. Driven by improving trends, management expects earnings to go beyond the current estimates by 1% to 3% in fiscal 2012. The company looks to enhance its retail square footage growth is focusing on its next-generation store and new Outpost format.
Moreover, the company also remains committed on alleviating bad debt risk in its credit card business. The gradual improvement in the economy has lowered delinquencies and charge-offs.
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