Fri, Nov. 20, 10:09 AM
- Strong earning reports from Foot Locker (FL +7.9%), Hibbett Sports (HIBB +4.7%), Sportsman's Warehouse Holdings (SPWH +19.6%) seem to be reverberating around the sportswear/footwear sector.
- Lululemon (LULU +5.3%), Big Five Sporting Goods (BGFV +2.4%), Skechers (SKX +4.4%), Columbia Sportswear (COLM +4.1%), Under Armour (UA +3.6%), V.F. Corp (VFC +1.7%), Steven Madden (SHOO +3.5%), Crocs (CROX +2.2%), and Wolverine Worldwide (WWW +3.3%) are all solidly higher.
- Cabela's (CAB +7.2%) is higher off more merger speculation, while Nike (NKE +5%) gave investors plenty of reasons to smile last night on the buybacks and dividend front.
- Dick's Sporting Goods (DKS -0.2%) hasn't joined the sportswear party quite yet as the company's large retail footprint continues to dampen enthusiasm.
Thu, Nov. 19, 5:58 PM
- Cabela's (NYSE:CAB) +8.5% AH following a Bloomberg report that it is fielding potential takeover interest and weighing whether to begin a sales process, and that rival Bass Pro Shops is working with JPMorgan Chase to help explore a bid.
- CAB is working with its regular advisers at Guggenheim Partners, which is reaching out to a small group of potential P-E buyers and strategic acquirers, according to the report.
- The report also says several buyout firms have expressed interest in a deal that may value CAB’s in the mid- to high $50s.
Thu, Nov. 19, 5:35 PM
Thu, Nov. 5, 3:08 PM| Thu, Nov. 5, 3:08 PM | 8 Comments
Wed, Oct. 28, 12:49 PM
Wed, Oct. 28, 10:02 AM| Wed, Oct. 28, 10:02 AM | Comment!
Wed, Oct. 28, 9:12 AM
Thu, Jul. 23, 8:34 AM
- Cabela's (NYSE:CAB) reports consolidated comparable-store sales fell 0.9% in Q2.
- Retail store revenue was 13.9% higher to $570M, while direct revenue fell 7% to $137M.
- Strong demand for powersports, firearms, and ammunition helped to offset softness with some goods and apparel categories.
- An increase in promotional activity contributed to a 120 bp drop in Cabela's merchandise gross margin.
- Guidance: The company backs previous guidance for low-double-digit revenue growth and a high-single to low-double-digit EPS growth.
- Previously: Cabela's misses by $0.06, misses on revenue
- CAB -2.55% premarket to $50.40.
Thu, Feb. 12, 9:15 AM| Thu, Feb. 12, 9:15 AM | 5 Comments
Wed, Jan. 7, 1:29 PM
- Sporting goods chains trade higher after a report on Dick's Sporting Goods going private throws a spotlight on the sector.
- Big Five Sporting Goods (BGFV +3.1%), Hibbert Sports (HIBB +3.9%), and Cabela's (CAB +3.5%) are all well ahead of market averages.
- Previously: Dick's surges on going-private speculation
Oct. 23, 2014, 12:45 PM
Oct. 23, 2014, 8:19 AM
- Cabela's (NYSE:CAB) reports comparable-store sales fell 11.2% in Q3.
- Retail store revenue +8.7% to $598.7M.
- Financial services revenue +10.9% to $109.1M.
- Operating margin +160 bps to 10.6%.
- New stores significantly out-performed legacy stores during the period.
- Lower demand for guns and ammunition than a year ago factored into results.
Aug. 27, 2014, 8:31 AM
May 20, 2014, 10:06 AM
- Dick's Sporting Goods (DKS -16.1%) sinks to near a two-year low in a shocking drop after the company resets sales and profit expectations.
- Though the company has a vibrant e-commerce channel, its massive retail footprint keeps scale an issue on the cost side. Weak demand for golf and hunting products also caught analysts by surprise.
- The read from Dick's is creating a selling wave across the sporting goods sector.
- Decliners: Cabela's (CAB) -5.4%, Big 5 Sporting Goods (BGFV) -3.7%, Hibbett Sports (HIBB) -2.2%, Callaway (ELY) -4.7%, Nautilus (NLS) -1.9%.
Apr. 24, 2014, 8:34 AM
- Cabela's (CAB) showed lower sales in Q1 as it ran into a tough comparable from the year-ago period.
- The company reports comparable store sales fell 21.7% as demand for firearms and ammunition was significantly lower than last year when gun legislation was a hot topic.
- Merchandise margin fell 120 bps as Cabela's tested promotions in some key categories.
- CAB -3.6% premarket
Feb. 13, 2014, 9:55 AM
- Cabela's (CAB -12.6%) sinks after its Q4 report disappoints as store traffic suffered during the period.
- Comparable-store sales fell 10.1% as last year's Q4 included a rush of ammunition demand post-Newtown.
- Merchandise margin increased 40 bps to 36.6%.
- Guidance from the company comes in below expectations.
Cabela's Inc is a specialty retailer and a direct marketer of hunting, fishing, camping, and related outdoor merchandise. The Company operates in two segment retail and direct segments. It also issue the Cabela's CLUB Visa credit card.
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