Cabela’s Inc. was not immune to the problems with the warm winter, but the company managed to beat estimates for the fiscal fourth quarter. The sporting goods retailer reported fourth-quarter net income of $86.8 million, a 9.5 percent increase over last year for the same period, with diluted earnings per share of $1.26.

The earnings beat the FactSet estimate of $1.21 and topped last year’s earnings of $1.11 a share. Total revenue increased 10.5 percent to $1.4 billion, which was better than the FactSet forecast of $1.3 billion. The company did experience a 3.5 percent decrease in comparable-store sales. For fiscal 2015, net income was $204.7 million, which was lower than last year’s $207.1 million.

“U.S. comparable-store sales were down 3.5 percent,” said chief executive officer Tommy Millner. “Consolidated comparable-store sales were down 4.9 percent for the quarter. In both the United States and Canada, weather impacted fall and winter apparel and footwear products. We were encouraged by positive comp performance in many of our core categories, including camping, powersports, home and gifts, firearms and ammunition.”

Cabela’s worked hard to reduce costs as expenses decreased to 29.5 percent of sales from 30.8 percent of sales a year ago for the same quarter. Cabela’s also plans to reduce working capital and sell unproductive assets. It partly plans to achieve this by reducing inventory levels. At the end of 2015, inventory had decreased by four days compared to the previous year.

Looking ahead, Millner said, “For full-year 2016, we expect a high single-digit growth rate in revenue and a high single-digit or low double-digit growth rate in earnings per diluted share as compared to full-year 2015 adjusted earnings per diluted share of $2.88.”

Cabela’s stock is down 15 percent for the past year. In December the company said it was exploring strategic alternatives and in today’s earnings release Cabela’s said the process is continuing and ongoing.

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