Cabelas profit up 62 percent

Outdoor gear retailer Cabelas profit soared in its fiscal first quarter, rising 62 percent, but it was an 8 percent decline in Internet and catalog sales the area of the business that generates what the company calls its direct revenue that caught the attention of investors. Cabelas of Sidney, Neb., which operates a store in Lacey, earned a fiscal first-quarter profit of $28.8 million, or 40 cents a share, compared to net income of $17.8 million, or 25 cents a share in the same year-ago period.Revenue increased across most of the companys business segments, except for direct revenue, which