X

Social Media

Arctic Cat reports market share gains

May 13, 2010
Filed under Features

Arctic Cat finished its fiscal year in the black and with a higher market share in its two key vehicle categories despite declining sales.

The Minnesota manufacturer reported net earnings of $1.9 million for its fiscal year after a prior-yet net loss of $9.5 million.

Arctic Cat CEO Christopher Twomey noted the company expects its full-year sales of $450 million to be nearly repeated in its fiscal 2011 year.

For its past fiscal year, Arctic Cat reported a 24 percent decline in sales in its largest category, ATVs. Quad sales, which include UTVs, totaled $187 million.

The company’s snowmobile sales also declined, falling 21 percent compared to the year-ago period to $162 million. Even with those declines, the company noted it picked up North American market share in both the ATV and snowmobile markets.

  • Can’t get enough powersports news? Check out our latest blogs, follow us on Twitter or look for “PSBInsider” on LinkedIn.
  • For more of the latest news, click here.
  • To see the contents of the current print issue of PSB, click here.

Comments

Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!