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Cabela's posts flat 4Q profit, delays strategic announcement

SIDNEY, Neb. (AP) — Cabela's Inc. reported relatively flat fourth-quarter profit of $78.8 million Thursday, and it said no decision has been made on whether to sell all or part of the company.

The outdoor gear seller said in December it is evaluating strategic options because of pressure from an activist investor. Cabela's said Thursday it is still in the middle of that review.

The Sidney, Nebraska-based company said its quarterly profit per share increased to $1.14 from last year's $1.10, or $78.6 million. But without one-time restructuring charges, earnings per share were $1.26.

The results beat Wall Street expectations of $1.22 per share.

Cabela's announced its own plan to cut costs in September because of weak sales. CEO Tommy Millner said the cost cutting is helping.

Cabela's predicts its profit per share will grow at a high-single-digit or low-double-digit rate in 2016.

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