Key Developments: Cabela's Inc (CAB)
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23 May 2013
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Latest Key Developments (Source: Significant Developments)
Cabela's Inc Sees Q1 2013 EPS Guidance Above Current External Consensus Estimates; Comments On Q1 2013 Comparable Store Sales Guidance
Cabela's Inc announced that it expects first quarter 2013 comparable store sales to increase at least at a high-teens rate. The Company expect direct revenue to increase at a low to mid-teens rate and earnings per diluted share to be $0.10 to $0.15 above current external consensus estimates. Full Article
Cabela's Inc Sees FY 2012 EPS Guidance At High End Of Prior Range; Comments On FY 2013 EPS Guidance
Cabela's Inc announced that for fiscal 2012, it expects earnings per share (EPS) to be 1-3% ahead of then current expectations of $2.60, or a range of $2.63 to $2.68. The Company now feel strongly that earnings per share will be at the high end of this range. For fiscal 2013, it expects earnings per share (EPS) to grow at least at a low double-digit rate. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.12 for fiscal 2013. Full Article
Cabela's Inc Announces Plans For Bristol, Va., Store
Cabela's Inc announced plans to bring the extraordinary Cabela’s shopping experience to customers in Bristol, Va., and the surrounding area. Construction is scheduled to begin in 2013 and Cabela’s expects to open the location in 2014. It will be the first Cabela’s store in Virginia. The 85,000-square-foot store, to be located in The Falls development area close to Interstate 81’s Exit 5 along Lee Highway, will be built in Cabela’s trademark style with an exterior of log construction, stonework, wood siding and metal roofing. Large glass storefronts will allow customers to view much of the store’s interior as they approach the building. Full Article
Cabela's Inc Revises FY 2012 EPS Guidance-Conference Call
Cabela's Inc announced that it expects fiscal 2012 earnings per share (EPS) to exceed current estimates by 1% to 3%. Full Article
Cabela's Incorporated Comments On FY 2012 Earnings Guidance-Conference Call
Cabela's Incorporated announced that it expects to achieve strong fiscal 2012 results with a meaningful portion of first quarter over performance carrying through to the full year bottom line results. Full Article
Cabela's Incorporated Announces Closing Of $500 Million Securitization
Cabela's Incorporated announced that Cabela’s Credit Card Master Note Trust successfully completed the sale of $500 million of Asset-Backed Notes, Series 2012-I. The securitization transaction included the issuance of $275 million of Class A-1 Notes, which accrue interest at a fixed rate of 1.63% per year, and $150 million of Class A-2 Notes, which accrue interest at a floating rate equal to one-month LIBOR plus 0.53% per year. The securitization transaction also included the issuance of three subordinated classes of notes in the aggregate principal amount of $75 million. 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. This securitization transaction will be used to refinance asset-backed notes that matured during 2012 and will help finance the growth of World’s Foremost Bank’s credit card portfolio. Full Article
Cabela's Incorporated Comments On FY 2012 EPS Guidance
Cabela's Incorporated announced that for fiscal 2012, it expects to achieve double digit earnings per share growth. The Company reported EPS of $2.12 in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.31 for fiscal 2012. Full Article
Cabela's Incorporated Announces New And Expanded Credit Facility
Cabela's Incorporated announced the signing of a new credit facility with a consortium of financial institutions led by U.S. Bank. The new $415 million, five-year credit facility replaces Cabela’s existing $350 million, five-year agreement signed in 2007. Additionally, the new facility may be increased to $500 million subject to certain terms and conditions. Full Article
Cabela's Incorporated Announces Closing Of $300 Million Securitization
Cabela's Incorporated announced that Cabela’s Credit Card Master Note Trust successfully completed the sale of $300 million of Asset-Backed Notes, Series 2011-IV. The securitization transaction included the issuance of $165 million of Class A-1 Notes, which accrue interest at a fixed rate of 1.90% per year, and $90 million of Class A-2 Notes, which accrue interest at a floating rate equal to one-month LIBOR plus 0.55% per year. The securitization transaction also included the issuance of three subordinated classes of notes in the aggregate principal amount of $45 million. 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. This securitization transaction will be used to refinance asset-backed notes that matured during 2011 and will help finance the growth of credit card portfolio. Full Article
Cabela's Incorporated Sees FY 2011 EPS Guidance At High End Of Prior Range; Comments On FY 2012 EPS Guidance
Cabela's Incorporated announced that it expect 2011 earnings per share to exceed current external expectations by the amount of the third quarter outperformance. Additionally, as the Company look forward to 2012, it expect earnings per share to grow at a low double-digit rate. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.00 for fiscal 2011 and EPS of $2.27 for fiscal 2012. Full Article
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