{"id":4006,"date":"2015-07-27T21:21:23","date_gmt":"2015-07-27T21:21:23","guid":{"rendered":"http:\/\/azureblog.smallvehicleresource.com\/?p=4006"},"modified":"2015-07-27T21:21:23","modified_gmt":"2015-07-27T21:21:23","slug":"arctic-cat-reports-quarterly-earnings-for-q1-fy2016","status":"publish","type":"post","link":"https:\/\/smallvehicleresource.com\/blog\/2015\/07\/27\/arctic-cat-reports-quarterly-earnings-for-q1-fy2016\/","title":{"rendered":"Arctic Cat Reports Quarterly Earnings For Q1 FY2016"},"content":{"rendered":"<div id=\"attachment_3710\" style=\"width: 562px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/azureblog.smallvehicleresource.com\/wp-content\/uploads\/2015\/02\/Wildcat-Sport-XT-2015.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-3710\" class=\"size-full wp-image-3710\" alt=\"The 2015 Wildcat Sport XT, a recent addition to the Arctic Cat side-by-side lineup.\" src=\"http:\/\/azureblog.smallvehicleresource.com\/wp-content\/uploads\/2015\/02\/Wildcat-Sport-XT-2015.jpg\" width=\"552\" height=\"396\" srcset=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2015\/02\/Wildcat-Sport-XT-2015.jpg 552w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2015\/02\/Wildcat-Sport-XT-2015-300x215.jpg 300w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2015\/02\/Wildcat-Sport-XT-2015-418x300.jpg 418w\" sizes=\"(max-width: 552px) 100vw, 552px\" \/><\/a><p id=\"caption-attachment-3710\" class=\"wp-caption-text\">Models like the 2015 Wildcat Sport XT help make the side-by-side business a bright spot for Arctic Cat.<\/p><\/div>\n<p>Last week Arctic Cat reported earnings for the first quarter of their 2016 fiscal year with the company losing $1.1 million on sales of $134 million. The following is a summary of the highlights from the earnings call with a focus on side-by-sides.<\/p>\n<ul>\n<li>Sales of Wildcat recreational vehicles helped drive recreational off-highway vehicle (ROV) sales.<\/li>\n<li>Sales of ATVs and ROV side-by-sides decreased 17% to $52.9 million from $63.8 million in the year ago quarter. Retail sales increased significantly but shipments to dealers decreased in order to substantially reduce dealer inventory.<\/li>\n<li>Management believes side-by-side retail sales outpaced the industry in North America.<\/li>\n<li>ATV sales were down as the management continued to reduce ATV dealer inventory. Inventory was reduced by approximately 4,000 units.<\/li>\n<li>Plant investment in a new paint line and automated assembly started in the quarter<\/li>\n<li>Management has set goals of improving and expanding the Arctic Cat dealer network, emphasizing end-user focused product development, making strategic acquisitions and partnerships and creating a brand marketing powerhouse.<\/li>\n<li>Management estimates that ATV-ROV retail sales for the quarter were up high teens.<\/li>\n<li>For the fiscal year ending March 31, 2016, Arctic Cat estimates full-year net sales in the range of $690 million to $705 million with??ATVs and side-by-side sales to rise 9% to 12%.<\/li>\n<\/ul>\n<p><a title=\"Arctic Cat Reports Quarterly Earnings For Q1 FY2016\" href=\"http:\/\/seekingalpha.com\/article\/3346975-arctic-cat-acat-christopher-t-metz-on-q1-2016-results-earnings-call-transcript\" target=\"_blank\" rel=\"nofollow\">Learn more: ??Seekingalpha.com<\/a> (Earnings call transcript)<\/p>\n<p><strong>Comment:<\/strong>?? The relatively new management team appears to be on plan in executing their turnaround of the ATV business while investing in initiatives for future growth. ??The side-by-side business continues to be strong. How well they can continue to execute on dealer network relationships and expansion will be a key to continued success.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week Arctic Cat reported earnings for the first quarter of their 2016 fiscal year with the company losing $1.1 million on sales of $134 million. The following is a summary of the highlights from the earnings call with a &hellip; <a href=\"https:\/\/smallvehicleresource.com\/blog\/2015\/07\/27\/arctic-cat-reports-quarterly-earnings-for-q1-fy2016\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,14,23,1829,27],"tags":[102,388,1684,1424],"class_list":["post-4006","post","type-post","status-publish","format-standard","hentry","category-facilities","category-market-trends","category-sales-figures","category-side-by-side-2","category-utility-vehicles","tag-arctic-cat","tag-earnings-call","tag-quarterly-earnings","tag-wildcat"],"_links":{"self":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/4006"}],"collection":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/comments?post=4006"}],"version-history":[{"count":2,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/4006\/revisions"}],"predecessor-version":[{"id":4008,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/4006\/revisions\/4008"}],"wp:attachment":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/media?parent=4006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/categories?post=4006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/tags?post=4006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}