Company Financials

Polaris reports a 6% drop in Q1 sales

By Arlene Sloan, 2020-04-29T15:56:00

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The outdoor vehicle specialist has withdrawn revenue and earnings guidance for the rest of 2020 but currently thinks the recovery will take ’more of a U shape’ – with demand weakest in the second quarter

During his call with investors Polaris Chairman and CEO Scott Wine, reported overall North American retail sales down 6% for the first quarter ending in March, but added, ”the salient point is how we got there. We were up 5% through mid-March, then down 40% …

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