Cabela’s Net Income Jumps in Quarter

Cabela’s Inc. reported net income of $16.5 million for the third quarter, up 61.2% from $10.2 million last year.

The cataloger and retailer reported revenue of $383.8 million for the quarter ended Oct. 2, up 15.9% from $331.2 million last year.

The Sidney, NE firm reported direct revenue increased 3.8% to $221 million

“Once again, we were pleased to achieve record revenues and profits during the quarter, said CEO Dennis Higby in a statement. “As we head into our peak selling season, our momentum is positive and we are dedicated to effectively executing our strategic initiatives.”