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Dick's Sporting Goods Inc. Message Board

  • mawchek mawchek Feb 13, 2014 9:43 PM Flag

    Appears many gun owners have written off Cabela's too

    Per Cabela's management in today's conference call, "Based on our fourth quarter and year-to-date results, the surge in firearms and ammunition is clearly winding down. Recall, in the fourth quarter of 2012, comp store sales were up 12%. Although comp store sales declined 10.1% in the quarter, due primarily to firearms and ammunition each being down roughly 25% to 30%....".

    DKS has pre-announced positive Q4 comp store sales of 7% versus Cabela's (10.1%). It will be interesting to see if DKS management breaks out comp sales of their firearms and ammunition lines. I don't recall them getting so granular in the past but I expect a reduction per said trends. Suffice it to say their decision to limit firearms sales of any design may have come at a fortuitous time.

    Mawchek

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DKS
50.09-0.92(-1.80%)Dec 19 4:05 PMEST

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