Cabela's releases fourth quarter, 2016 yearly financial results

Cabela’s Incorporated (NYSE:CAB) reported financial results Thursday for the fourth quarter and fiscal year ended December 31, 2016. As previously disclosed, the Company’s fourth fiscal quarter and fiscal year ended December 31, 2016, included 13 weeks and 52 weeks, respectively, while its fourth fiscal quarter and fiscal year ended January 2, 2016, included 14 weeks and 53 weeks, respectively.

For the quarter, on a GAAP basis, total revenue decreased 4.9% to $1.3 billion, revenue from retail store sales decreased 4.3% to $888.2 million, Internet and catalog sales decreased 12.4% to $307.8 mil...