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Cabela's Inc (CAB)

CAB on New York Consolidated

62.53USD
7 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Cabela's Inc obligated to pay bass pro shops termination fee of $126 mln if deal is terminated
Friday, 7 Oct 2016 08:52am EDT 

Cabela's Inc : If deal is terminated under certain circumstances, bass pro group, llc would be obligated to pay co termination fee of $230 million .Would be obligated to pay bass pro shops a termination fee of $126 million if deal is terminated under certain circumstances.  Full Article

Bass Pro Shops and Cabela's to combine in $5.5 bln deal
Monday, 3 Oct 2016 08:12am EDT 

Cabela's Inc : Bass Pro Shops and Cabela's to combine . Says Cabela's shareholders will receive $65.50 per share in cash . Deal for about $5.5 billion . Says Capital One intends to continue to operate the Cabela's club servicing center in Lincoln, Nebraska . Says upon closing, Bass Pro Shops will commence a multi-year partnership agreement with Capital One National Association .  Full Article

Cabela's Inc reports Q2 non-GAAP earnings of $0.59/share
Thursday, 28 Jul 2016 06:30am EDT 

Cabela's Inc : Q2 non-gaap earnings per share $0.59 . Q2 earnings per share view $0.62 -- Thomson Reuters I/B/E/S . Cabela's Inc Q2 revenue $929.9 million versus I/B/E/S view $906 million . Q2 same store sales rose 1.5 percent . Quarterly total revenue increased 11.2 percent to $929.9 million . Quarterly retail comparable store sales increased 1.5 percent on a shift-adjusted calendar basis . For full-year 2016, continue to expect a high-single-digit growth rate in revenue .For full-year 2016 continue to expect high-single-digit or low-double-digit growth rate in earnings per diluted share.  Full Article

Cabela's plans to expand retail footprint to two locations
Thursday, 14 Jul 2016 06:30am EDT 

Cabela's Inc :Plans to expand retail footprint, legendary shopping experience to two locations: Albuquerque, N.M., Chesterfield Township, Mich.  Full Article

Cabela's Inc. to Explore Strategic Alternatives
Wednesday, 2 Dec 2015 06:30am EST 

Cabela's Inc:Says that its Board of Directors is initiating a process to explore and evaluate a wide range of strategic alternatives to further enhance shareholder value.Cabela's is working with Guggenheim Securities, LLC as its financial advisor and Sidley Austin LLP and Koley Jessen P.C., L.L.O. as its legal counsel to assist in the strategic review.Board of Directors and management team, working with advisers, plan to proceed in a timely and orderly manner, but have not set a definitive timetable for completion of this process.  Full Article

Cabela's Inc lowers FY 2015 guidance
Thursday, 22 Oct 2015 06:30am EDT 

Cabela's Inc:Expects FY 2015 high-single-digit growth rate in revenue and about flat non-GAAP earnings per diluted share for full-year 2015 as compared to full-year 2014 non-GAAP diluted earnings per share of $2.88.  Full Article

Cabela's Inc. announces $500 million share repurchase program
Tuesday, 1 Sep 2015 08:00am EDT 

Cabela's Inc:Announces that its board of directors has approved a share repurchase program authorizing the company to repurchase up to $500 million of its common stock over a two-year period.Says this authorization is in addition to the two million share repurchase authorization approved in April 2015 and the standing annual authorization to repurchase shares to offset dilution resulting from equity-based awards issued under the Company's equity compensation plans.Says the Company has completed its repurchases under the April 2015 authorization.  Full Article

Cabela's Inc reaffirms FY 2015 guidance
Thursday, 23 Jul 2015 08:00am EDT 

Cabela's Inc:Says that for FY 2015 it reaffirm expectations for a low-double-digit growth rate in revenue.Sees high-single to low-double-digit growth rate in diluted earnings per share for FY 2015.  Full Article

Cabela's Inc reaffirms FY 2015 guidance
Thursday, 23 Apr 2015 08:00am EDT 

Cabela's Inc:Reaffirms FY 2015 guidance.Expects low-double-digit growth rate in revenue for FY 2015.Expects high-single to low-double-digit growth rate in diluted earnings per share for full-year 2015 as compared to full-year 2014 non-GAAP diluted earnings per share of $2.88.FY 2015 revenue of $4.088 bln and EPS of $3.14 - Thomson Reuters I/B/E/S.  Full Article

Cabela's Inc announces closing of $375 mln securitization
Tuesday, 17 Mar 2015 04:05pm EDT 

Cabela's Inc:Completes the sale of $375 mln of Asset-Backed Notes, Series 2015-I.Securitization transaction included the issuance of $218.75 mln of Class A-1 Notes, which accrue interest at a fixed rate of 2.26 pct per year, and $100 mln of Class A-2 Notes, which accrue interest at a floating rate equal to one-month LIBOR plus 0.54 pct per year.Securitization transaction also included the issuance of three subordinated classes of notes in the aggregate principal amount of $56.25 mln.World's Foremost Bank, Cabela's wholly owned subsidiary, purchased each of the subordinated classes of notes.Each class of notes issued in the securitization transaction has an expected life of approximately five years, with a legal maturity of approximately eight years.Says this securitization transaction will help finance the growth of World's Foremost Bank's credit card portfolio.  Full Article

LPC: Black Friday could shine light on troubled US retail loans

NEW YORK, Nov 23 Loan investors are watching the holiday shopping season for signs of respite as struggling US retailers, including sporting goods retailer Bass Pro Shops, face resistance and higher financing costs in the leveraged loan market.