Jaguar Z1 Helps Push Cat’s Sled Sales to 9% Increase
Story by Snowmobile.com Staff, Oct. 02, 2006Email a friend Print Friendly RSS
Arctic Cat expects that its full-year revenue growth will be in the range of 5% to 9% for snowmobiles; with a 3% to 5% increase in ATV sales; and, a year-end gain of up to 6% for parts, garments and accessories sales.
“Our record sales and increased earnings for the second quarter were driven primarily by a 9 per cent increase in snowmobile sales, continued strong demand for our Prowler utility ATV, and higher ATV parts and accessories sales,” says Christopher A. Twomey, chairman and chief executive officer. “We are confident that we remain on track to post sales gains across all of our product lines for the fiscal year.”
Sales of Arctic Cat snowmobiles totaled US$121.5 million in the 2007 second quarter, up 9% on sales of $111.4 million in the same period last year. Contributing to the increase was the previously disclosed shift of Arctic Cat’s extensive new model snowmobile production, and related revenue and earnings, into the company’s fiscal 2007 second and third quarters. The company’s year-to-date snowmobile sales totaled US$142.4 million compared to US$163.5 million in the prior-year period.
Arctic Cat continues to anticipate that its full-year snowmobile revenues will exceed last year based on strong dealer orders for its 2007 model line-up, of which 80 percent are new models.