Cabela’s announced that it is comfortable with the range of analysts revenue and earnings per share estimates for the fourth fiscal quarter and full fiscal year 2004.
“Were very pleased with the preliminary results for the fourth quarter and full year 2004,” said Cabela’s President and Chief Executive Officer Dennis Highby. “While we are still in the process of closing the books, early indications are that results will be closer to the high end of analysts estimates for both revenue and earnings per share. Our multi-channel retail strategy, which gives us a nationwide presence, has again proven to be resilient and will continue to be the backbone of our success.
“Recall that the Company’s fourth fiscal quarter of 2003 had 14 weeks while the fourth fiscal quarter of 2004 had only 13 weeks. Adjusting for the extra week, comparable same store sales for the fourth fiscal quarter of 2004 are expected to be slightly negative, although much improved over comparable same store sales results for the third fiscal quarter of 2004.
“Furthermore, we are particularly pleased with the sales results in our direct business. We expect direct sales growth for the fourth quarter to be the highest growth we have seen all year, due in part to additional promotions we ran during the quarter,” said Highby.
