FINANCIAL NEWS
THIS MONTH...THIS MONTH...
Cabela’s sales rise,
but net income slips
CABELA’s, the American outfi tter with retail impacted sales trends in our business during the
stores, catalogues, and online sales, saw third- quarter,” said Dennis Highby, Cabela’s president
quarter revenue increase 11.9 per cent to $611.8 and CEO. “We continue to monitor our business
million compared to $546.8 million for the third carefully and remain focused on managing factors
quarter of 2007. Net income for the third quarter within our control, including executing on our
of 2008 fell to $9.7 million, compared to $13.2 profi t-improvement initiatives, implementing
million for the third quarter of 2007. additional cost reductions and aggressively
In the third quarter of 2008, retail-store revenue managing inventory levels. To that end, we have
increased 27.5 per cent to $328 million with a experienced signifi cant improvements in inventory
same-store sales decrease of nine per cent. Direct levels and cash generated from operations.
sales revenue was $241.2 million; and fi nancial Additionally, despite the diffi cult environment
services revenue was $41.9 million. we continue to gain market share, grow our
Total revenue for the nine months ending direct customer fi le and add Cabela’s CLUB Visa
September 27th, 2008 increased 14.6 per cent cardholders. T_h e signifi cant progress that we have
to $1.67 billion compared to $1.46 billion for made in these areas positions us extremely well for
the same period in 2007. Net income for the future market share growth.”
third quarter of 2008 was $27.0 million, down In early October, the company sacked 10 per
from $31.6 million for the nine months ending cent of the staff at its headquarters in Sidney,
September 29th, 2007. Nebraska. Cabela’s also opened a new generation
“T_h e challenging macro-environment, general of retail store; with 80,000 sq ft of space, it’s more
consumer concerns about the economy and the economical to operate than the company’s larger
unprecedented events in the fi nancial markets stores, the CEO said.
PRADCO’s new US factory
PRADCO-Fishing plans to invest
$21 million in a new 300,000 sq ft
Pure Fishing gets ace
manufacturing facility at Fort Chaff ee in
Fort Smith, Arkansas.
Located in Fort Smith since 1962, the lure marketeer Todd Hoskins
manufacturer has occupied three buildings
that totalled 120,000 sq ft. T_h e move to PURE FISHING has hired New Hampshire. During
the new location will give PRADCO the Todd Hoskins, a veteran of his tenure there, Terry
potential for further expansion, according to the marine and consumer- Carlson said, “Raymarine
a company spokesman. goods industries, to become experienced a signifi cant
A subsidiary of ESBCO, PRADCO chief marketing offi cer. market growth, revitalised
currently employs 150 people in Fort Smith. His responsibilities will and updated its brand
“PRADCO-Fishing has been a part of include providing strategic identity and architecture”.
the Fort Smith community since 1962, direction and execution “It’s a privilege to be
and we appreciate the Fort Smith Regional to enhance the company’s aligned with an industry
Chamber of Commerce, the City of Fort brand positioning, marketing
Marketing ace – Todd Hoskins.
leader like Pure Fishing,”
Smith and the State of Arkansas showing communications and fi eld said Terry. “T_h e relevance Todd said. “When you
strong co-operation and commitment to our marketing organisations, of his brand and industry- acknowledge the wealth
employees and our expansion vision,” said said Terry Carlson, Pure specifi c experience is a of high-quality brands
Bruce Stanton, vice president and general Fishing’s CEO. strong benefi t in his Pure and product lines that the
manager of the company. “We are a leader in “We’re excited to add a Fishing role.” company off ers, it re-
the fi shing industry worldwide, and we are person such as Todd, with Before he joined energises you.
pleased that the innovation and leadership a wealth of experience and Pure Fishing, Todd was “To be able to engage
will continue to be located in Fort Smith, knowledge in directing the executive vice president of consumers is such an
Arkansas. T_h is is our home, and we have marketing functions for our marketing for Raymarine, enthusiast category as
defi nitely have been made to feel extremely industry-leading brands, to Inc, a marine-electronics fi shing is incredibly
welcome by our local and state leaders.” the Pure Fishing family,” maker in Merrimack, exciting.”
06 TTW | JANUARY 2009
P06-07_TTW_01_News finance.indd 1P06-07_TTW_01_News finance.indd 1 19/11/08 1:52:49 pm19/11/08 1:52:49 pm
Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72