Cabela’s Inc. Previews Analyst/Investor Day and Provides First Quarter 2013 Outlook

  Cabela’s Inc. Previews Analyst/Investor Day and Provides First Quarter 2013
  Outlook

Business Wire

SIDNEY, Neb. -- March 12, 2013

In conjunction with its 2013 Analyst/Investor day tomorrow, Cabela’s
Incorporated (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.”

                         About Cabela’s Incorporated

Cabela's Incorporated, headquartered in Sidney, Nebraska, is a leading
specialty retailer, and the world's largest direct marketer, of hunting,
fishing, camping and related outdoor merchandise. Since the Company's founding
in 1961, Cabela's® has grown to become one of the most well-known outdoor
recreation brands in the world, and has long been recognized as the World's
Foremost Outfitter®. Through Cabela's growing number of retail stores and its
well-established direct business, it offers a wide and distinctive selection
of high-quality outdoor products at competitive prices while providing
superior customer service. Cabela's also issues the Cabela's CLUB® Visa credit
card, which serves as its primary customer loyalty rewards program. Cabela's
stock is traded on the New York Stock Exchange under the symbol "CAB".

                Caution Concerning Forward-Looking Statements

Statements in this press release that are not historical or current fact are
"forward-looking statements" that are based on the Company's beliefs,
assumptions and expectations of future events, taking into account the
information currently available to the Company. Such forward-looking
statements include, but are not limited to, the Company's statements regarding
first quarter comparable store sales increasing at least at a high-teens rate,
direct revenue increasing at a low to mid-teens rate, and first quarter
earnings per diluted share being $0.10 to $0.15 above current external
consensus estimates. Forward-looking statements involve risks and
uncertainties that may cause the Company's actual results, performance or
financial condition to differ materially from the expectations of future
results, performance or financial condition that the Company expresses or
implies in any forward-looking statements. These risks and uncertainties
include, but are not limited to: the state of the economy and the level of
discretionary consumer spending, including changes in consumer preferences and
demographic trends; adverse changes in the capital and credit markets or the
availability of capital and credit; the Company's ability to successfully
execute its omni-channel strategy; increasing competition in the outdoor
sporting goods industry and for credit card products and reward programs; the
cost of the Company's products, including increases in fuel prices; the
availability of the Company's products due to political or financial
instability in countries where the goods the Company sells are manufactured;
supply and delivery shortages or interruptions, and other interruptions or
disruptions to the Company's systems, processes, or controls, caused by system
changes or other factors; increased or adverse government regulations,
including regulations relating to firearms and ammunition; the Company's
ability to protect its brand, intellectual property, and reputation; the
outcome of litigation, administrative, and/or regulatory matters (including a
Commissioner's charge the Company received from the Chair of the U. S. Equal
Employment Opportunity Commission in January 2011); the Company's ability to
manage credit, liquidity, interest rate, operational, legal, and compliance
risks; the Company's ability to increase credit card receivables while
managing credit quality; the Company's ability to securitize its credit card
receivables at acceptable rates or access the deposits market at acceptable
rates; the impact of legislation, regulation, and supervisory regulatory
actions in the financial services industry, including the Dodd-Frank Wall
Street Reform and Consumer Protection Act; and other risks, relevant factors
and uncertainties identified in the Company's filings with the SEC (including
the information set forth in the "Risk Factors" section of the Company's Form
10-K for the fiscal year ended December 29, 2012), which filings are available
at the Company's website at www.cabelas.com and the SEC's website at
www.sec.gov. Given the risks and uncertainties surrounding forward-looking
statements, you should not place undue reliance on these statements. The
Company's forward-looking statements speak only as of the date they are made.
Other than as required by law, the Company undertakes no obligation to update
or revise forward-looking statements, whether as a result of new information,
future events or otherwise.

Contact:

Investor Contact:
Cabela’s Incorporated
Chris Gay, 308-255-2905
or
Media Contact:
Cabela’s Incorporated
Joe Arterburn, 308-255-1204
 
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