Gun And Outdoor Gear Retailer Cabela’s 1Q Profit Jumps 73 Percent

 

 

 

 

” Cabela’s says strong sales of guns and ammunition helped drive its profit up 73 percent in the first quarter, surpassing expectations and briefly driving its shares to all-time highs on Thursday.

The retailer operates stores that sell gear for hunting, fishing and outdoor sports.

Revenue jumped 29 percent to $802.5 million from $623.5 million last year. Analysts expected revenue of $770.5 million.”