(11/9/2016)

Today Arctic Cat Reported its Fiscal 2017 Second Quarter Results.
Summarized by a non-financial writer who barely made it through high school math classes: the company is still losing money as it faces tougher circumstances than originally forecast; the powersports market is still soft; there is still too much dealer inventory.
Here's how Cat says it:
-Second quarter net sales totaled $164.6 million;
-Net loss $0.98 per share;
-Continued progress made on strategies to reposition company, including signing two strategic partnerships;
-Commitment letter signed to extend and increase revolving bank agreement to $130 million year round to support future growth initiatives;
-Company lowers fiscal 2017 revenue and EPS outlook on weaker powersports market, increased promotional costs and unfavorable product mix
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