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Cabelas, Inc. (NYSE: CAB) provided its outlook for the first quarter of 2013.
As part of its 2013 Analyst/Investor day, Cabela’s management will provide insight into the Company’s strategic vision for the next several years. Specifically, the Company will review promising growth plans in retail square-footage expansion, improvements in e-commerce capabilities, growth of Cabela’s brand products and enhancements to its premier Cabela’s CLUB loyalty program. A live webcast of the 2013 Analyst/Investor day will begin at 8:30 a.m. PT on Wednesday, March 13, 2013, and can be accessed through the “Webcasts & Events” section of the “Investor Relations” page of the Company’s website at www.cabelas.com. Additionally, the Company will update investors on its anticipated performance for the first quarter of 2013.
“During our fourth quarter conference call, we indicated our business had accelerated into the first quarter,” said Tommy Millner, Cabela’s Chief Executive Officer. “We are pleased to report that this trend has continued through today. These improvements are in both our Retail and Direct channels. This growth is coming from most of our merchandise categories. As a result, we expect first quarter comparable store sales to increase at least at a high-teens rate. We also expect direct revenue to increase at a low to mid-teens rate. Accordingly, first quarter earnings per diluted share are expected to be $0.10 to $0.15 above current external consensus estimates.”
The Street is modeling Q113 revs of $711 million and EPS of $0.46.
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