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Cabela's

475 East Hartford Boulevard North, East Hartford 06118, Connecticut, United States

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Business Details

World's Foremost Outfitter

The company was founded by Richard N. Cabela in 1961 and went public in 2004, with that fiscal year's revenue reaching $1.56 billion, a 50% growth since 2001. As of December 2013, the company has performed strongly in the $646 billion outdoor recreation sector with a stock price gain of close to 50% and consolidated revenue moved up 14.8% year-over-year to $850.8 million. Earnings per share came in at $0.70 which was higher than 2012's earnings of $0.60 per share.

It also has "Trophy Properties LLC" (a real estate market), "Outdoor Adventures" (hunting and fishing trips), the "Gun Library" (for buying and selling new, used, and collectible firearms), and World's Foremost Bank (the issuer of Cabela's Club Visa credit cards). Its direct marketing operation is one of the largest in the United States. Cabela's mail-order catalogs are shipped to 50 states and 120 countries. More than 120 million catalogs were mailed in its first year as a public company.

The company that would become sporting goods reseller and chain was started in 1961. Richard N. Cabela purchased US$45 worth of fishing flies at a furniture expo in Chicago which were advertised for sale via an advertisement in a local newspaper.[3] When his first effort produced only one response, he placed an ad in a national magazine, Sports Afield, which was more successful. Included with each order was a catalog of other products for sale by Cabela.

As the business grew, Cabela and his wife Mary moved their operation to Sidney, Nebraska in 1963. Dick's brother Jim also joined the business. From those modest beginnings, the company has since grown to a publicly traded corporation with over US$3 Billion in annual sales.

On February 17, 2014, founder Dick Cabela died at his home in Sidney, Nebraska, at the age of 77.

 

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475 East Hartford Boulevard North, East Hartford 06118, Connecticut, United States

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