Schein Reports healthy Third Quarter
Third-quarter sales at Melville, NY-based Henry Schein, a distributor of medical, dental, and veterinary supplies, rose nearly 21%, to $1.5 billion for the three months ended Sept. 29. Net income jumped 34%, to $59.6 million from $39.3 million the previous third quarter.
3Q Record Sales At Cabela’s
Third-quarter direct sales for outdoor sporting gear merchant Cabela’s increased 4.2%, to $241.9 million for the three months ended Sept. 29. Total third-quarter revenue for the Sidney, NE-based cataloger/retailer rose 11.5%, to a record $546.8 million. Same-store sales grew 4.6%. Nonetheless, net income for the quarter fell from $15.0 million a year ago to $13.2 million. “We are pleased to report another quarter of double digit revenue growth, highlighted by a 4.6% increase in same store sales,” company president/CEO Dennis Highby said in a release. “Our third quarter results were impacted by higher promotional activity, resulting in lower margins, and two stores, opened in 2006, that did not meet the company’s sales expectations.”