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Arctic Cat Inc Sees FY 2014 Guidance At Lower End Of Prior Range

Thursday, 24 Oct 2013 06:30am EDT 

Arctic Cat Inc announced that for fiscal 2014, it is maintaining its sales and earnings guidance, but is targeting the lower end of the guidance range. The Company continues to expect earnings in the range of $3.27 to $3.37 per diluted share and sales in the range of $754 million to $768 million. Arctic Cat's fiscal 2014 outlook includes the following assumptions versus the prior fiscal year: core ATV North American industry retail sales flat to up 5%; side-by-side North American industry retail sales up 15% to 25%; snowmobile North American industry retail sales flat to up 3%; Arctic Cat dealer inventories, excluding new products, flat to up 10%; achieving slightly lower operating expense levels as a percent of sales; and increasing cash flow from operations. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $3.35 and revenue of $755 million for fiscal 2014. 

Company Quote

3.92 +13.08%
3:15pm EST