Cabela's Inc. Reports Third Quarter EPS of $.31

Cabela's Incorporated CAB today reported record revenue, operating profit and earnings per share for third quarter fiscal 2010. For the quarter, consolidated operating income increased 15% to $36.6 million compared to $31.9 million in the third quarter of 2009. Operating margins increased 60 basis points to 5.7% compared to 5.1% in the third quarter of 2009. Increases in operating profit were due to higher merchandise gross margins and strong comparable store sales. For the quarter, net income increased 5% to $19.7 million, or $0.29 per diluted share, compared to $18.8 million, or $0.28 per diluted share, in the third quarter of 2009.