Cabela's profit rises a record 62% in Q1

Sidney, Neb. -- Cabela’s Inc. reported Thursday that net income for the first quarter rose a record 62% to $28.8 million, from $17.8 million last year. Revenue increased 6.3% to $623.5 million, and same-store sales increased 4.2%. "This strong performance gives us confidence our growth strategy is working and working well," said Tommy Millner, Cabela's CEO.