Cabela's reports profit, sales rise in Q4

Sidney, Neb. -- Cabela's reported Thursday that net income for the quarter ended Jan. 1 rose to $59.9 million, compared with $52.4 million in the year-ago period.

Total revenue for the quarter increased 8.4% to $934 million; retail store revenue increased 11.4% to $479 million.

Same-store sales increased 7.3%.

"With this quarter's performance, it is clear our strategies are working and we are gaining momentum," said Tommy Millner, Cabela's CEO.

Millner added that the outdoor retailer expects to meet or exceed Wall Street expectations for full year 2011 earnings.

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