Solid Second Quarter for Cabela’s

Total second-quarter sales for cataloger/retailer Cabela’s rose 4.4%%, to $549.2 million, compared with $526.0 million for the same period last year. The outdoor sporting gear merchant direct sales for the quarter decreased 3.6%, to $199.5 million for the period ended June 27.

The Sidney, NE-based company’s second-quarter net income increased nearly 25%, to $9.1 million, from $7.3 million last year. Retail sales increased 10.2%, to $301.6 million, while same-store sales rose 6.1%.

Cabela’s CEO Tommy Milner said in a release he was “pleased to post another solid quarter. Our 6.1% increase in comparable store sales, driven by strength in hunting equipment, represents our third consecutive quarter of positive gains. We continue to gain momentum in the hunting equipment category, as we take market share from our competitors and leverage our multichannel model to provide our customers with a great value proposition.”

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