Cabela's reiterated as a top pick at Northland Securities Northland reiterated Cabela's as its top pick given top line and bottom line growth, upside from its online business, and potential to beat its 2013 EPS estimate of $3.00. Shares are Outperform rated.
Cabela's reports Q2 EPS 56c, consensus 62c Reports Q2 revenue $836.3M, consensus $852.89M. Retail store revenue increased 13.9% to $570.1 million; Direct revenue decreased 7.0% to $136.8 million; and Financial Services revenue increased 14.2% to $124.9 million. During the period, consolidated comparable store sales decreased 0.9%. Net income was $40.1 million compared to $43.5 million in the year ago quarter, and earnings per diluted share were $0.56 compared to $0.61 in the year ago quarter.