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.
Build-A-Bear swings to profit in Q4
St. Louis — Build-A-Bear Workshop said Thursday that it recorded net income of $8.3 million in the fiscal fourth quarter, compared with a loss of $0.9 million in the year-ago period.
Total sales for the period rose 2.2% to $125.8 million, from $123.1 million a year earlier. Same-store sales companywide dipped 3.7%.
For the full year, total revenues rose 1.4% to $401.5 million.
“While our fourth quarter 3.7% decline in comparable store sales was disappointing, for the year, we stabilized our sales trends, increased our average transaction and improved our margins and we believe that our strategies remain on track to move us forward," said Maxine Clark, chairman and chief executive bear.
Kroger executive VP Donald Becker dies at 62
Cincinnati — Kroger Co. announced late Wednesday that executive VP Donald E. Becker died Wednesday after suffering an aneurysm. He was 62 years old.
Becker started with Kroger as a clerk in 1969 in the Cincinnati-Dayton area and worked his way up to hold several leadership positions. In 2004, he became executive VP, a role in which he led the company’s merchandising and purchasing among other duties, the company said in a statement.