cabela's inc (CAB) Key Developments
Cabela's Incorporated Announces Plans for Centerville, Ohio, Location
Mar 4 15
Cabela's Incorporated announced plans to bring the company's unique retail experience and legendary customer service to Centerville, Ohio, and the greater Dayton area. Construction on the 70,000-square-foot store is scheduled to begin in 2015, and Cabelaâ s anticipates a spring 2016 opening. It will be located in the Cornerstone at Centerville development off Exit 7 of Interstate 675 near Wilmington Pike. Oberer Development Company is the developer. Cabela's expects to employ approximately 160 full-time, part-time and seasonal employees at the store, most of whom will come from Centerville and the surrounding area. Upon opening, it will become Cabela's third retail location in Ohio, joining the 80,000-square-foot Columbus store opened in 2013 and the 80,000-square-foot West Chester location schedule to open this fall. The store will be built in Cabela's new-format layout, designed to offer customers an enjoyable, outdoor-like experience with log construction, stonework, wood siding, a large mountain replica, an aquarium and dozens of museum-quality wildlife displays.
Cabela's Inc. Plans to Open Fort Mill-Area Store on March 12, 2015
Feb 17 15
Cabela's Inc. will open its Fort Mill-area store on March 12, 2015. The 104,000-square-foot store is being built on the former Plaza Fiesta retail site at North Carolina-South Carolina state line. The 20-acre parcel is off Interstate 77 at Carowinds Boulevard, near the Carowinds theme park. Cabela's purchased the tract and tore down Plaza Fiesta. It intends to market up to six additional outparcels on the site. The store will employ about 225 full-time, part-time and seasonal workers. It will feature a mountain replica, aquarium, museum-quality wildlife displays, indoor archery range and deli. The company operates 64 stores across North America. It plans to add 20 locations during the next three years.
Cabela's Incorporated Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 27, 2014; Provides Earnings Guidance for First Quarter and Full Year of Fiscal 2015; Expects to Open New Stores
Feb 12 15
Cabela's Incorporated reported unaudited consolidated earnings results for the fourth quarter and year ended December 27, 2014. For the quarter, operating income was $128.6 million against $138.7 million of prior year period. Income before provision for income taxes was $122.14 million against $131.4 million of prior year period. Total revenue, non-GAAP adjusted was $1,274.6 million against $1,189.4 million of prior year period. Non-GAAP operating income was $129.5 million against $143.3 million for the same period in the last year. Non-GAAP income before provision for income taxes was $123.02 million against $139.7 million for the same period in the last year. For the quarter, adjusted for certain items, net income decreased 16.4% to $79.3 million compared to $94.7 million in the year ago quarter, and earnings per diluted share were $1.11 compared to $1.32 in the year ago quarter. The company reported GAAP net income of $78.6 million and earnings per diluted share of $1.10 as compared to GAAP net income of $80.1 million and earnings per diluted share of $1.12 in the year ago quarter.
For the year, the company reported operating income was $335.4 million against $361.4 million of prior year period. Income before provision for income taxes was $318.5 million against $343.5 million of prior year period. Total revenue was $3,647.6 million against $3,596.4 million of prior year period. Adjusted net income, non-GAAP was $271.1 million against $287.7 million for the same period in the last year. Non-GAAP operating income was $337.9 million against $364.8 million for the same period in the last year. Non-GAAP income before provision for income taxes was $320.96 million against $350.6 million for the same period in the last year. For fiscal 2014, net income was $207.1 million compared to $238.3 million last year, and earnings per diluted share were $2.88 compared to $3.32 a year ago, each adjusted for certain items. The company reported GAAP net income of $201.7 million and earnings per diluted share of $2.81 as compared to GAAP net income of $224.4 million and earnings per diluted share of $3.13 a year ago.
The company expects to return to a low-double-digit growth rate in revenue and a high-single to low-double-digit growth rate in diluted earnings per share for full-year 2015 as compared to full-year 2014 non-GAAP diluted earnings per share of $2.88. The company expects full year 2015 capital expenditures to be between $425 million and $475 million. Cash flow from operations is expected to be between $275 million and $325 million for 2015.
The company expects first quarter 2015 diluted earnings per share to be roughly in line with the first quarter a year ago.
For the third quarter, the company expects to open stores in Noblesville, Indiana; West Chester, Ohio; and Oklahoma City, Oklahoma. And in the fourth quarter, it plans to open the final 3 stores for the year at Huntsville, Alabama; Bristol, Virginia; and Calgary, Alberta, Canada. These 13 stores represent roughly 1 million square feet of retail space or a 14.6% increase in square footage. With all locations for 2015 identified, it continues to look for 2016 locations and announced 5 stores to date.
Cabela's Incorporated - Analyst/Investor Day
Jan 26 15
Cabela's Incorporated - Analyst/Investor Day
Cabela's Incorporated to Report Q4, 2014 Results on Feb 12, 2015
Jan 8 15
Cabela's Incorporated announced that they will report Q4, 2014 results at 11:00 AM, US Eastern Standard Time on Feb 12, 2015