Skip to comments.How The Obama Gun Boom Pushed The Fortune Of Two Brothers To $1.2 Billion (Cabelas)
Posted on 05/23/2013 6:05:21 PM PDT by dynachrome
Shares have increased by 95% in the last year and are up more than 70% already in 2013. That makes Cabelas stock the best-performing in the firearms industry and one of the top-performing stocks in the U.S. in the last year. The companys two biggest shareholders, founders Richard and James Cabela, have seen the value of their combined 25% stake jump to $1.2 billion from $750 million at the start of 2013.
About one-third of Cabelas $3.1 billion in sales last year came from firearms, ammunition and accessories, and a substantial amount of its all-important sales growth came from its gun business. Cabelas first-quarter 2013 same-store sales growth was 24%, but it was only 9% excluding firearms and ammunition. The company set a new record for first-quarter revenue, which increased 28.7% to $802.5 million.
(Excerpt) Read more at forbes.com ...
The odd thing about Marxism is that it never has anything to lose.
Unless there is a big scary bear up its ass...
Wow! So rich they have their own zoo!
Cabelas needs to sit back and think about their products.
I’ve been buying cloths from them for decades.
They’ve moved a lot of their cloths production to third world countries, changed the design and fabrics and now have a terrible problem with size quality control.
After a bad experience with a pair of Guide Wear pants I started reading the reviews and was a little surprised at the number of negative comments from long time buyers.
Yeah, I’ve noticed that too. I wear a lot of Cabela khakis, and lately, the sizing accuracy and general quality of the fabrics have diminished significantly.
Yeh, those darn Asians haven’t been able to properly size clothes for years. I’ve had a perfect 33 waist for decades, but those Asians are now making pants way, way too small. Their scales don’t work properly, either.
I don’t see how they can be making any money now, everything I want to buy online is “out of stock” and can’ be back ordered. I use to shop there online site often but gave up a few months ago.
But the only pants that fit me have a "40" on them.
Must be some kind of metric thing.
Jokes aside they are really taking a hit on their Polo Shirts. Used to be three button and they went to two buttons.
I used to like to order the 2XL Tall pocket shirts with 3 buttons.
After reading the reviews I’ll wait a while. One guy ordered two shirts the same size and compared them - the length was off by 4 inches between them.
Nice people, good products, fast shipping and honest CS... I love an American Success!
It’s not Calebras or those darn Asians....
It’s the Calories......
The Calories are a unique South American pygmy tribe that migrated to America many years ago. They live in the back your closet and when, at night when your asleep, sew your clothes smaller....
Hope this helps!
20 years ago I was trying on some very nice Honda riding gloves. I have small hands and I was having trouble squeezing my hand into a glove marked “large.” I guessed the Japanese must still be very small people or they have a strange notion about how big Americans are..
I have my two houses in Maine listed with their real estate branch. Search Mack Cove.
Wow just awesome. I would like to have something like that in my living room. =)
Been to the mother ship store in Sidney many times. Would love to work for them.
Grew up in a town near their HQ is Sidney NE, it was a beacon to all of us living there.
I spoke with “Nan” at Cabelas yesterday. We need one somewhere in NC. I have 4 Academy sports within 200mi and a Bass Pro within 5mi.
SMKW is still a major I shop from. Cabelas just isn’t east coast. They should be flush with cash to make the move.
My favorite store. Better than Bass Pro or Gander Mountain. Depending on need it is either there , Academy, or my local bow/gun shop.
I will just go to Mill’s Fleet Farm - “The man’s mall” “If we do not have it you just do not need it.” The only problem with Cabela’s and Mills Fleet Farm they are both a distance away. Cabela’s is in Richfield, Wisconsin and the nearest Mills Fleet Farm is in Antigo, Wisconsin.
When I die my kids have instructions to stuff me and put me on display at Cabelas.
They have a bear pawing a hornet’s nest at my nearest Cabela’s and at the bottom of the mountain they have a large fish pond.
Yeah, I didn’t know what it had in its mouth.
They always have such an impressive amount of mounts. I wonder if someone at the store has an accurate count of home many they have in every store.
In Wheeling, WV where I took those, that is just the centerpiece 30 ft. mountain. There is another room (12,00 sq. ft) that’s a trophy deer museum loaded with dioramas and head mounts and a separate African diorama room. Of course there is the trout pond sunk into the main floor and another room with a 55,000 gal. aquarium (plus some smaller ones IIRC)
(couldn’t find anything on the number of mounts)
- - - -it’s a GREAT store BUT guess what their shelves are void of ammo- - - for months. NONE, ZIP, NADA!!!!!!!
I met both brothers back in the 80’s when they were opening their 2nd store in Kearney, Nebraska. At that time they had only the one store in Sidney. They wanted some big fish tanks and we had a friend in Dallas who made acrylic tanks. Three big tanks were designed and built, using 1 1/2 inch thick acrylic. The tanks were curved with no seams. The largest tank was 2300 gallons, and the other two were each half that size. I delivered the tanks to Kearney.
After Cabela’s got them the tanks were designed inside with the same care as you see in the photos in this post and then stocked with Nebraska game fish...quite an impressive sight coming into the store.
Cabela’s growth since that time has been phenomenal, and to think this business started out with their father making fishing lures on his back porch in Sidney, a mail order business that grew into a store...and a huge success story.
At more than a 5hr. round trip, it’s not where I usually pick up my ammo. That also explains why I took my camera.
I have an idea about where a lot of those mounts come from. When Mr Ditter passes (hopefully no time soon) I am going to be looking for a place to donate a lot of mounts.
“Theyve moved a lot of their cloths production to third world countries, changed the design and fabrics and now have a terrible problem with size quality control.”
I totally agree. I loved there hammer loop work dungarees. (Roughnecks).
The last pairs I bought were terrible. Material was way too soft, sizing was incredibly tight. It’s like they sewed hammer loops on a pair of Jordache jeans.
Sent them all back and am currently looking for a new supplier.
Haha. We are going to donate a caribou mount when a family member passes.