Annual Income Slides at PC Mall
Annual net income at Torrance, CA-based PC Mall (Nasdaq: MALL) tumbled 66%, to $1.0 million from $3.0 million the previous year. Net sales rose 23%, however, to $1.2 billion from $975.6 million in 2003.
The company was hurt by $1.2 million in consulting fees associated with Sarbanes-Oxley compliance and a $560,000 write-off of capitalized CRM application software due to replacement software.
Cabela’s Grows Annual Income 27%
Sidney, NE-based outdoor gear cataloger/retailer Cabela’s (NYSE: CAB) reported a 27% jump in annual net income, to $65.0 million for the year ended Jan. 1. Revenue rose 11%, to $1.56 billion. The previous year Cabela’s had netted $51.4 million on $1.40 billion in revenue.
Catalog and Internet sales for the year increased 5%, to $970.6 million; retail revenue increased nearly 23%, to $499.1 million, and financial services revenue increased 34%, to $78.1 million.