Polaris Industries (PII) Tops Q2 EPS by 67c, Revenues Beat; Offers Updated FY20 EPS/Revenue Guidance Above Consensus
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Polaris 2020 Second Quarter Results
July 28, 2020 6:00 AM EDTFinancial and Operational Highlights
Second quarter reported and adjusted sales decreased 15% to $1,512 million and $1,510 million, respectively
Second quarter reported net loss was $3.82 per share; adjusted net income for the same period was $1.30 per share
North American retail sales increased 57% for the quarter compared to last year with both ORV and Motorcycle retail sales up significantly
Dealer inventory levels decreased 47% given the strong retail sales growth and lower shipments resulting from the COVID-19 related temporary suspension of production during the quarter
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