Cabela's execs discuss past, future during investor day

Cabela's executives met with analysts and investors Wednesday morning to discuss progress made over the past year and plans for future.

The gathering was held three weeks after the retailer released its 2014 fourth quarter financial results, which showed total revenue increased 7.2 percent to $1.3 billion.

Cabela's Chief Financial Officer Ralph Castner said the key to growth for the company is retail expansion.

"Fifteen years ago, we had eight stores," he said. "It's pretty impressive that we now have 64 stores – two of which are in Canada. And we're on pace to open 13 stores in 2015."

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