Cabela's Costs Creep Up: Fool by Numbers (CAB)

Cabela's Costs Creep Up: Fool by Numbers

By Motley Fool Contributors | More Articles
May 4, 2007 | Comments (0)

On May 3, outdoor sporting goods retailer Cabela's (NYSE: CAB ) released earnings for the first quarter ended March 31.

Revenue increased 14%, with strong growth in the retail and financial services segments and marginal growth in the direct business. Same-store sales decreased 0.9%.
Profits for the quarter declined 21% because of high depreciation expenses, higher interest expense, and increased pre-opening costs at one store.
The Motley Fool Hidden Gems recommendation has a four-star rating in CAPS. Competitor Dick's Sporting Goods (NYSE: DKS ) is rated two stars and Gander Mountain (Nasdaq: GMTN ) gets one star.

(Figures in millions, except per-share data)

Income Statement Highlights

	Q1 2007	Q1 2006	Change
Sales	$462.1	$404.8	14.2%
Net Profit	$7.1	$9.1	(21.4%)
EPS	$0.11	$0.14	(21.4%)
Diluted Shares	67.1	66.4	1.1%

Get back to basics with a look at the income statement.

Margin Checkup

Q1 2007	Q1 2006	Change*
39.8%	40.2%	(0.3)
2.7%	3.5%	(0.8)
1.6%	2.2%	(0.7)

*Expressed in percentage points.

Margins are the earnings engine.

Balance Sheet Highlights

Assets	Q1 2007	Q1 2006	Change
Cash + ST Invest.	$52.0	$96.7	(46.2%)
Accounts Rec.	$36.5	$35.0	4.4%
Inventory	$505.3	$418.4	20.8%

Liabilities	Q1 2007	Q1 2006	Change
Accounts Payable	$221.2	$122.5	80.5%
Long-Term Liabilities	$413.0	$393.4	5.0%

The balance sheet reflects the company's health.

Cash Flow Highlights
Check back when the 10-Q comes out to find out how the cash flows changed.

Free cash flow is a Fool's best friend.

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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.

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