Outdoor equipment store Cabela’s fiscal third-quarter profit rose 65 percent in the period, propelled higher by the elimination of an unprofitable store promotion and the strong performance of what the company calls its "next-generation" stores.
The Sidney, Neb.-based company, which also operates a store in Lacey, earned $35.6 million in the quarter, or 50 cents a share, compared to $21.6 million or 31 cents a share in the third quarter of 2010.
Those results exclude a $3 million impairment charge in which the company wrote down the value of some land in Denver, the one-time site for a future store that company officials have decided to sell. Including the impairment charge and Cabela’s earned $33.3 million or 47 cents per share, compared to $19.7 million or 29 cents per share in the year-ago period.
Read more:
http://www.theolympian.com/2011/10/27/1 ... z1cGwS7lCU