Friday, April 26, 2013

Cabela’s Q1 net profit climbs amid gun control debate, opens new Colo. stores



Gun and outdoor gear retailer Cabela’s has reported a significant increase in its net profit during the first fiscal quarter amid the ongoing debate about gun control in the U.S.

According to the company, its total earning jumped by 29% to $802.5 million. The company also registered a 24% increase in same-store sales. Additionally, Cabela’s online and catalog sales jumped to $225.2 million, registering an increase of 18%.

All in all, the company said its total net income for the first fiscal quarter jumped from $28.8 million last year to $49.8 million this year, registering a total increase 73%.

This growth could be a strong indicator that the company’s diversity efforts are paying off.
In fact, the company is about to open two new retail stores in Denver, and the company has begun hiring around 450 people to man these new stores.

“We are looking for employees who will deliver legendary customer service to the thousands of loyal Cabela’s customers across the Colorado Front Range. It’s a unique career opportunity for passionate outdoorsmen and women, as well as anyone else who wants to join a dynamic, growing company,” said Senior Director of Human Resources Chuck Bera.

The stores will go online on Aug. 15.

“The opening of Cabela’s Denver corporate extension is a sign of our tremendous strong recent growth and commitment to expanding our digital platform initiatives,” said Cabela’s Chief Marketing Officer Scott Williams.

As a member of DiversityWorking, Cabela’s is committed to promoting workplace diversity and inclusion in all of its facilities across the U.S. if you want to learn more about the company’s diversity initiatives, visit diversityworking.com.

No comments: