May 4, 2017 / 10:48 AM / in 3 months

BRIEF-Cabela’s announces Q1 EPS $0.28

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May 4 (Reuters) - Cabela's Inc

* Cabela’s announces first quarter 2017 results

* For quarter, consolidated comparable store sales decreased 8.9 pct and U.S. comparable store sales decreased 9.1 pct

* Q1 non-GAAP earnings per share $0.40

* Q1 earnings per share $0.28

* Q1 same store sales fell 8.9 percent

* Q1 earnings per share view $0.38 -- Thomson Reuters I/B/E/S

* Q1 revenue $834.9 million versus I/B/E/S view $860.2 million

* Merchandise gross margin decreased by 80 basis points in quarter to 31.4 pct compared to 32.2 pct in same quarter a year ago

* "disappointed with our merchandise sales in Q1" Source text for Eikon: Further company coverage:

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