Arctic Cat Provides Fiscal 2017 Outlook - Quick Facts

(RTTNews) - Arctic Cat Inc. (ACAT) announced, for the fiscal year ending March 31, 2017, the company estimates full-year net sales in the range of $635 million to $655 million, assuming a favorable foreign currency exchange impact on sales. The company expects fiscal 2017 net earnings to range from a loss of $0.39 per share to earnings of $0.08 per share. The company said, foreign currency exchange headwinds in fiscal 2017, primarily driven by the year- over-year impact of foreign currency exchange hedge losses, are estimated to reduce net earnings in the range of $0.42 to $0.53 per share compared to fiscal 2016.

Arctic Cat expects that its fiscal 2017 net sales will be down 8 percent to 12 percent in the first half of the year, as the company continues efforts to improve dealer inventory and prepares to launch new products. The company anticipates its fiscal 2017 sales and earnings performance will be lowest in the first quarter. Arctic Cat expects stronger financial results in the second half of the year to be driven by new product launches that will begin in the fiscal 2017 third quarter, with the majority of new products to be launched in the fiscal 2017 fourth quarter.