CAB Q1 EPS 0.40 act. vs 0.33 est., 0.25 year ago. (21.2% beat, +60% y/y), Q1 Rev 623.5M act. vs 623.9M est., 586.7M year ago (in-line,+6.3% y/y).
It appears the EPS beat was due to higher margins. Maybe the market fears that they can't continue to get the higher margins and that unit sales may be falling off? Forward guidance is most important and I haven't found that data yet. I don't know what percent of revenue for CAB is due to firearm sales, maybe 20%? Anyone know?
This seems extreme for "sell the news" but this stock was up about 65% YTD at the open and sold off immediately. Could be just sell the news.