Arctic Cat Inc (ACAT) SEC Filing 10-K Annual report for the fiscal year ending Thursday, March 31, 2016

Exhibit 99.1

Arctic Cat Reports Fiscal 2016 Fourth-Quarter and Full-Year Results

Fourth-quarter net sales of $121.4 million, up 22.7 percent over prior-year quarter;

Quarterly net loss of $1.30 per share versus prior-year loss of $1.66 per share;

Continued progress made on strategies to reposition company;

Approximately $20 million operating cash flow generated in fiscal 2016 fourth quarter;

Revolving bank agreement extended and increased to $130 million, up from $100 million;

Fiscal 2016 full-year net loss of $0.71 per share on net sales of $632.9 million;

Company provides fiscal 2017 outlook

MINNEAPOLIS, May 12, 2016 – Arctic Cat Inc. (NASDAQ: ACAT) today reported a net loss of $16.9 million, or $1.30 per share, on net sales of $121.4 million for the fiscal 2016 fourth quarter ended March 31, 2016. In the prior-year quarter, Arctic Cat

Christopher Metz, Arctic Cat’s president and chief executive officer, stated: “Our fourth-quarter sales rose versus the prior-year quarter, but fell short of our expectations. A stronger fourth-quarter turnaround was hampered by lack of snowfall that constrained snow-related sales, ongoing foreign currency headwinds and a softening powersports market. A competitive retail environment also led to higher spending than planned on promotional programs, particularly in ATVs and ROVs, which reduced earnings in the quarter.”

The company’s key strategies to reinvigorate growth include: dramatically improving Arctic Cat’s dealer network; ramping up end-user focused new products; pursuing strategic partnerships; and creating a brand marketing powerhouse.

Commenting further, Metz said: “In the fourth quarter, the company continued to execute well on our strategies. We further strengthened and expanded our dealer base. We activated sales through important marketing sponsorships and our new event marketing team. And we continued to maintain tight inventory control to allow a return to greater wholesale and retail growth of new products in fiscal 2017.”

Fourth-Quarter Operating Review

Arctic Cat’s fiscal 2016 fourth-quarter net sales of $121.4 million rose 22.7 percent compared to prior-year sales of $98.9 million. Unfavorable foreign currency exchange reduced net sales by