{"id":4914,"date":"2016-11-10T15:23:41","date_gmt":"2016-11-10T15:23:41","guid":{"rendered":"https:\/\/smallvehicleresource.com\/blog\/?p=4914"},"modified":"2016-11-10T15:23:41","modified_gmt":"2016-11-10T15:23:41","slug":"arctic-cat-reports-q2-2017-results","status":"publish","type":"post","link":"https:\/\/smallvehicleresource.com\/blog\/2016\/11\/10\/arctic-cat-reports-q2-2017-results\/","title":{"rendered":"Arctic Cat Reports Q2 2017 Results"},"content":{"rendered":"<p><em>By Marc Cesare, Smallvehicleresource.com<\/em><\/p>\n<div id=\"attachment_4899\" style=\"width: 606px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2016\/11\/wildcat-X-2017-orange.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-4899\" class=\"size-full wp-image-4899\" src=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2016\/11\/wildcat-X-2017-orange.jpg\" alt=\"The 2017 Wildcat X from Arctic Cat with RG Pro suspension.\" width=\"596\" height=\"378\" srcset=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2016\/11\/wildcat-X-2017-orange.jpg 596w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2016\/11\/wildcat-X-2017-orange-300x190.jpg 300w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2016\/11\/wildcat-X-2017-orange-473x300.jpg 473w\" sizes=\"(max-width: 596px) 100vw, 596px\" \/><\/a><p id=\"caption-attachment-4899\" class=\"wp-caption-text\">The 2017 Wildcat X from Arctic Cat with RG Pro suspension is expected to help drive sales in the second half of the fiscal year.<\/p><\/div>\n<p>Arctic Cat reported financial results for the fiscal 2017 second quarter ended September 30, 2016. The company reported a loss of $12.8 million on sales of $164.6 million compared to net earnings of $11.2 million and sales of $211.2 million in the prior-year quarter. Management pointed to a softer powersports market, as well as lower sales volume, unfavorable product mix and heightened promotional environment as factors. Sales of ATVs and side-by-sides totaled $44.0 million for the quarter, down 37.8 percent compared to prior-year sales of $70.8 million. Year-to-date sales totaled $87.8 million, down 29 percent from $123.6 million in the prior-year first half.<\/p>\n<p>The following are some highlights from the earnings call related to side-by-sides:<\/p>\n<ul>\n<li>Weakness in oil, gas and agriculture sectors contributed to softer sales<\/li>\n<li>ATV and SxS??retail sales decreased approximately 4% in the second quarter versus an industry that was down low single-digits. Wholesale sales decreased further as management is trying to reduce dealer inventory levels.<\/li>\n<li>New products including those designed with Robby Gordon have been released, and a third wave of models this??fiscal year will be introduced by late February<\/li>\n<li>The company has added 28 top-tier dealers to their network but is likely to miss their target of 75 for the fiscal year. Net dealer add is flat.<\/li>\n<li>For the short term management anticipates continued market softness, competitiveness and foreign currency headwinds<\/li>\n<li>ATV\/SxS sales are expected to be flat to down mid-single digits for the full year but up in the second half driven by new product introductions.<\/li>\n<li>The company announced two new strategic partnerships for developing products for adjacent markets but cannot release more details, including whether they involve SxSs.<\/li>\n<\/ul>\n<p><a href=\"http:\/\/seekingalpha.com\/article\/4021735-arctic-cat-acat-q2-2017-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>By Marc Cesare, Smallvehicleresource.com Arctic Cat reported financial results for the fiscal 2017 second quarter ended September 30, 2016. The company reported a loss of $12.8 million on sales of $164.6 million compared to net earnings of $11.2 million and &hellip; <a href=\"https:\/\/smallvehicleresource.com\/blog\/2016\/11\/10\/arctic-cat-reports-q2-2017-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":[11,12,14,23,1829,27],"tags":[388,2386,2385,1377],"class_list":["post-4914","post","type-post","status-publish","format-standard","hentry","category-investment-financing","category-management","category-market-trends","category-sales-figures","category-side-by-side-2","category-utility-vehicles","tag-earnings-call","tag-fiscal-year-2017","tag-q2","tag-utv"],"_links":{"self":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/4914"}],"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=4914"}],"version-history":[{"count":2,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/4914\/revisions"}],"predecessor-version":[{"id":4916,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/4914\/revisions\/4916"}],"wp:attachment":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/media?parent=4914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/categories?post=4914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/tags?post=4914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}