Arctic Cat will significantly cut ATV production in its upcoming quarter in wake of weakening consumer demand, the company reported.
Arctic Cat outlined the production cutback in its third-quarter fiscal report, which showed a 9.5 percent rise in sales over the prior-year period.
However, the company’s plans to ship only half as many ATVs as it did in last year’s fourth quarter will impact its fiscal year’s gross revenue. Arctic Cat anticipates its year-end sales to drop to $562 milliion-$572 million compared to the previous year’s total of $621.6 million.
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