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ST. PAUL
Arctic Cat reported strong sales and profits in its fiscal third quarter, buoyed by strong consumer interest in a new line-up of snowmobiles. The stock price jumped 20 percent Thursday as the company cruised past analyst expectations.
Sales of snowmobiles were up 61 percent in the quarter ending Dec.31, as orders placed by dealers last spring shipped. Last year's snowy winter helped spur orders, as did Arctic Cat's new line-up of 23 new snowmobiles.
"The big story this quarter is snowmobiles," said Mark Smith, an analyst at Feltl and Co. in Minneapolis.
Competitor Polaris Industries, which is based in Medina, reported earlier this week that its snowmobile sales had jumped 63 percent in the latest quarter.
"Although we believe industry retail sales will slow slightly over the next three months, we believe our retail sales will outperform the industry and we will continue to take market share," said Claude Jordan, Arctic Cat's chief executive officer.
SkiDoo has the biggest share of the North American snowmobile market, followed by Polaris. Arctic Cat commands 22 percent of the market and is in third place, the company said at a recent presentation for analysts.
The company also shipped the first 200 units of its new Wildcat, its first recreational side-by-side, an all-terrain vehicle. Though the Wildcat had limited impact on sales in the most recent quarter, it is expected to be a significant contributor to sales in future quarters, analyst Smith
said.
In the latest quarter, Arctic Cat's net income was up 84 percent to $17 million, or 92 cents per share, blowing past Wall Street estimates of 59 cents per share. Net sales were $207 million, up 36 percent from the prior third quarter.
Management raised its fiscal 2012 revenue growth forecast to a range of 22 percent to 24 percent, from $568 million to $575 million. The company also raised earnings guidance to a range of $1.60 to $1.70 per share from the prior range of $1.10 to $1.15 per share.
Arctic Cat's corporate office is in Plymouth, and its major manufacturing plant is in Thief River Falls.
The stock price closed at $28.58 Thursday, up $4.77 per share.
Arctic Cat released more info today about their new line of accessories for their 2012 Wildcat!
As if this all new Side-by-Side wasn't mean enough right out of the box, you can now equip it right from the dealer with a Trunk Bag, Front/Rear Bumpers, Spare Tire Carrier or even a Half Windshield!
Arctic Cat launched its first on-line Arctic Store in the U.S. late May and has now launched its second on-line store in Canada. Consumers in Canada are now able to shop for Arctic Cat parts, oil, garments and accessories on-line and have them delivered to their home or to a nearby Arctic Cat dealer. From dirt to snow, Arctic Cat makes on-line shopping easier to match the perfect product to your riding style and machine.
Just to name a few of the consumer benefits:
• 24-7 shopping: On-line orders are allocated within 24 hours and the consumer usually receives their order within 7 days either at their home or nearby dealer pick-up.
• Easy Navigation & Product Searching: Parts can be searched by category, by model year or model name, color or size.
• Secure, Confidential and Reliable: Built-in security measures protect your information from loss, misuse and alteration. Visa, MasterCard, American Express and Discover are currently accepted.
• For dealer pick up orders, the consumer indicates which dealership they want to visit for order pick up (within a 150 mile radius).
“As on-line shopping becomes quicker, easier and more popular, our new on-line store will give consumers more access to Arctic Cat products and product information at any time. We partnered with Shopatron because their Coex Freedom technology funnels consumer orders to our participating dealers for fulfillment,” said Mary Ellen Walker, Vice President – General Manager of PG&A division. Walker goes on to say, “No doubt our dealers will see new customers and sales growth of their Arctic Cat parts, garments and accessories without the investment of building their own internet store.”
The Arctic Cat on-line store also utilizes new technology from ARI - PartStream; an ever-expanding collection of parts diagrams dating back to 1974. This feature simplifies a consumer’s search for the exact part they require regardless of the age of their machine.
Well I think I have this figured out, as it has been posted, T-Shirts will be $15.00 please add $2.00 if the size is 2xl and up, you have your choice of Black or Graywith the decal on the back.
Hoodies will be $35.00 with $2.50 being added if the size is 2xl or above you also have the choice of Black or Gray with the decal on the from. (decal below)
Payment and shipping which is paypal and using the usps, (seems the fastest and safest)
Payment can be sent to dadszr@arcticchat.com (its paypal) the prices are as followed:
If anyone orders more than one item please use the Med. box for shipping I don't believe we can get two shirts in that small box. Also when submitting your order PLEASE make sure you list your username and what you would like, and please add correctly.
Also keep in mind that we need 12 hoodie sales and he said 40 T-shirts, but I know if we have at least 30 he will keep the same pricing. I would like to place this order by October 30th. Thanks Don
