{"id":4632,"date":"2016-08-04T14:10:14","date_gmt":"2016-08-04T14:10:14","guid":{"rendered":"https:\/\/smallvehicleresource.com\/blog\/?p=4632"},"modified":"2016-08-04T14:11:30","modified_gmt":"2016-08-04T14:11:30","slug":"arctic-cat-reports-q1-2017-results","status":"publish","type":"post","link":"https:\/\/smallvehicleresource.com\/blog\/2016\/08\/04\/arctic-cat-reports-q1-2017-results\/","title":{"rendered":"Arctic Cat Reports Q1 2017 Results"},"content":{"rendered":"<div id=\"attachment_4243\" style=\"width: 594px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2016\/01\/HDXCrew700XT_TAGrn_2016_W.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-4243\" class=\"size-large wp-image-4243\" src=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2016\/01\/HDXCrew700XT_TAGrn_2016_W-1024x632.png\" alt=\"The new Arctic Cat HDX 700 Crew XT for model year 2017.\" width=\"584\" height=\"360\" srcset=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2016\/01\/HDXCrew700XT_TAGrn_2016_W-1024x632.png 1024w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2016\/01\/HDXCrew700XT_TAGrn_2016_W-300x185.png 300w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2016\/01\/HDXCrew700XT_TAGrn_2016_W-485x300.png 485w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2016\/01\/HDXCrew700XT_TAGrn_2016_W.png 2000w\" sizes=\"(max-width: 584px) 100vw, 584px\" \/><\/a><p id=\"caption-attachment-4243\" class=\"wp-caption-text\">The new Arctic Cat HDX 700 Crew XT for model year 2017 helped drive sales for the quarter.<\/p><\/div>\n<p>Arctic Cat recently reported financial results for fiscal year 2017 first quarter which ended June 30, 2016. Management reported sales of $104.9 million and a loss of $0.81 million for the quarter compared to $134.4 million and $1.1 million for the prior year quarter.<\/p>\n<p>The following are highlights from the earnings call related to the utility vehicle market.<\/p>\n<ul>\n<li>Management reported progress on expanding their dealer network, adding 17 top tier dealers in underrepresented territories during the quarter. The goal is to add 75 top-tier dealers for the FY.<\/li>\n<li>Dealer inventory was reduced during the quarter<\/li>\n<li>A new??state-of-the-art R&amp;D facility expansion in St. Cloud, Minnesota, which will become home for all new wheeled product development, was finished<\/li>\n<li>Sales of ATVs and ROVs (side-by-sides) in the 2017 first quarter totaled $43.7 million, down 17.3% compared to prior-year sales of $52.9 million.<\/li>\n<li>Sales of ROVs including Wildcat were strong while core ATV sales decreased<\/li>\n<li>Arctic Cat ROV retail sales declined high single digits versus a ROV market up low single digits compared to prior year quarter that had tough comparables. ROV retail picked up towards the end of the quarter driven by new products.<\/li>\n<li>New models were introduced including the 6-passenger HDX Crew UTV and the entry priced Prowler 500<\/li>\n<li>Key marketing initiatives include Arctic Cat 360 where virtual??reality headsets allow consumers visiting Arctic Cat event displays and dealerships to feel the thrill of riding an Arctic Cat Wildcat side-by-side in a realistic 360-degree world, and Wildcat stadium side-by-side races.<\/li>\n<li>Management reports a strong rebate and incentive environment. Pricing is competitive unless you have a &#8220;hero&#8221; product that can sustain a premium price.<\/li>\n<li>Product mix indicates some shifting to lower priced vehicles<\/li>\n<li>Guidance for the full fiscal year includes sales of??$635 million to $655 million with second half sales driven by new product launches. ??ATV\/ROV sales should be flat to up low single digits.<\/li>\n<\/ul>\n<p><a href=\"http:\/\/seekingalpha.com\/article\/3993977-arctic-cats-acat-ceo-chris-metz-q1-2017-results-earnings-call-transcript?part=single\" target=\"_blank\" rel=\"nofollow\">Learn more: ??Seekingalpha.com<\/a> (Earnings call transcript)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arctic Cat recently reported financial results for fiscal year 2017 first quarter which ended June 30, 2016. Management reported sales of $104.9 million and a loss of $0.81 million for the quarter compared to $134.4 million and $1.1 million for &hellip; <a href=\"https:\/\/smallvehicleresource.com\/blog\/2016\/08\/04\/arctic-cat-reports-q1-2017-results\/\">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":[12,14,23,1829,27],"tags":[102,388,1687,1039,1424],"class_list":["post-4632","post","type-post","status-publish","format-standard","hentry","category-management","category-market-trends","category-sales-figures","category-side-by-side-2","category-utility-vehicles","tag-arctic-cat","tag-earnings-call","tag-prowler","tag-quarterly-report","tag-wildcat"],"_links":{"self":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/4632"}],"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=4632"}],"version-history":[{"count":5,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/4632\/revisions"}],"predecessor-version":[{"id":4637,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/4632\/revisions\/4637"}],"wp:attachment":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/media?parent=4632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/categories?post=4632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/tags?post=4632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}