Cabela's Inc. Reports First Quarter Results; Q1 Total Revenue Increased 15.5% to a Record $404.8 Million; Q1 Net Income Increased 16.9% and Fully-Diluted EPS Was $0.14; Company Reiterates Mid-Teens Growth Rate Targets.

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Cabela's Inc. Reports First Quarter Results; Q1 Total Revenue Increased 15.5% to a Record $404.8 Million; Q1 Net Income Increased 16.9% and Fully-Diluted EPS Was $0.14; Company Reiterates Mid-Teens Growth Rate Targets.

SIDNEY, Neb. -- Cabela's Incorporated (NYSE: CAB), the World's Foremost Outfitter(R) of hunting, fishing and outdoor gear, today reported financial results for its first fiscal quarter ended April 1, 2006. E[acute accent]Total revenue for the first quarter of fiscal 2006 increased 15.5% to a record $404.8 million compared to $350.6 million for the same period last year. First quarter net income was $9.1 million, or $0.14 per diluted share, compared to $7.8 million, or $0.12 per diluted share for the same period a year ago. E[acute accent]During the first quarter of fiscal 2006, direct revenue decreased 0.8% to $228.9 million, primarily due to less intensive promotions in the quarter. Total retail revenue for the quarter increased 49.6% to $145.3 million, and same store sales decreased 0.3%. The Company's Owatonna, Mi...

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