Arctic Cat (ACAT) Misses Q1 EPS Views; Updates FY17 Outlook
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Arctic Cat Reports Fiscal 2017 First Quarter Results
July 29, 2016 6:30 AM EDT
First quarter net sales totaled $104.9 million;
Net
loss $0.81 per share;
Continued progress made on
strategies to reposition company;
ATV/ROV dealer
inventory down 9 percent;
Company maintains fiscal
2017 revenue outlook, lowers EPS guidance on a weaker powersports
market, increased promotional costs and unfavorable product mix
MINNEAPOLIS--(BUSINESS WIRE)-- Arctic Cat Inc. (NASDAQ: ACAT) today reported a net loss of $10.6 million, or $0.81 per share, on net sales of $104.9 million for the fiscal 2017 first quarter ended June 30, 2016. The impact of unfavorable... More
