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Arctic Cat will continue to grow PG&A sales
24 Jul '08
4 min read
Parts, garments and accessories (PG&A) sales grew 15 percent to $18.7 million versus $16.3 million in the year-ago period. PG&A benefited from both ATV- and snowmobile-related sales. New products and lower dealer inventories generated increased orders.
"We are optimistic that we will continue to grow PG&A sales, with additional focus and attention under our new leadership for this business," said Twomey.
Outlook:
For the fiscal year ending March 31, 2009, Arctic Cat expects net sales to grow between 5 percent and 8 percent, and be in the range of $650 million to $674 million, based on increased snowmobile revenues, anticipated ATV revenues and a better overall product mix. Full-year diluted earnings per share are anticipated to be in the range of $0.18 to $0.28.
Arctic Cat remains focused on achieving growth by offering innovative products that drive market share gains, lowering costs through its strategic sourcing initiative and by further leveraging its efficiency. The company expects to save approximately $5 million to $6 million in fiscal 2009 through its strategic sourcing initiatives, although these savings will be partially offset by higher commodity prices.
Arctic Cat's second-quarter net sales, for the period ending September 30, 2008, are estimated to be in the range of $189 million to $199 million versus net sales of $205.2 million in the same period last year. The second-quarter net earnings is estimated to be in the range of $0.60 to $0.70 per diluted share versus net earnings of $13.9 million, or $0.76 per diluted share, in the prior-year quarter.
"We are optimistic that we will continue to grow PG&A sales, with additional focus and attention under our new leadership for this business," said Twomey.
Outlook:
For the fiscal year ending March 31, 2009, Arctic Cat expects net sales to grow between 5 percent and 8 percent, and be in the range of $650 million to $674 million, based on increased snowmobile revenues, anticipated ATV revenues and a better overall product mix. Full-year diluted earnings per share are anticipated to be in the range of $0.18 to $0.28.
Arctic Cat remains focused on achieving growth by offering innovative products that drive market share gains, lowering costs through its strategic sourcing initiative and by further leveraging its efficiency. The company expects to save approximately $5 million to $6 million in fiscal 2009 through its strategic sourcing initiatives, although these savings will be partially offset by higher commodity prices.
Arctic Cat's second-quarter net sales, for the period ending September 30, 2008, are estimated to be in the range of $189 million to $199 million versus net sales of $205.2 million in the same period last year. The second-quarter net earnings is estimated to be in the range of $0.60 to $0.70 per diluted share versus net earnings of $13.9 million, or $0.76 per diluted share, in the prior-year quarter.
Arctic Cat Inc
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