Polaris Industries (PII) Misses Q1 EPS by 49c
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Polaris First Quarter 2022 Earnings Results
April 26, 2022 6:00 AM EDTFINANCIAL AND OPERATIONAL HIGHLIGHTS
First quarter sales were $1,957 million, flat relative to last year First quarter reported earnings per share was $1.14, down 46% versus last year; adjusted earnings per share was $1.29, down 44% versus last year Primary drivers in the quarter included increasing supply chain challenges and inflationary pressures, partially offset by strong pricing; demand remains healthy Retail Sales for the quarter were down 22% versus last year when retail sales rose 70% in the same quarter, primarily driven by supply chain challenges Repurchased ~1.5 million shares... More