Polaris Sales Drop 24%
Polaris Industries’ sales for its second quarter ended June 30 totaled $345.9 million, a decrease of 24 percent from second quarter 2008 sales of $455.7 million, and the company says it expects sales for the full year 2009 to be 20 percent to 25 percent lower than sales of $1.948 billion posted in 2008.
“Our outlook for the North American economy remains weak,” says Scott Wine, CEO, Polaris Industries. “Our expectations for 2009 remain unchanged and we expect our core markets to remain very challenging."
Sales of Victory motorcycles to dealers decreased 55 percent during the second quarter of 2009 when compared to the same period in 2008; sales of ATVs and side-by-side vehicles to dealers decreased 25 percent; sales of parts, garments and accessories (PG&A) decreased 13 percent; and snowmobile sales totaled $7.4 million, up from $6.0 million for the second quarter of 2008.
Polaris plans to hold its second quarter investors conference call today, July 16.
- Submitted by Guido Ebert
“Our outlook for the North American economy remains weak,” says Scott Wine, CEO, Polaris Industries. “Our expectations for 2009 remain unchanged and we expect our core markets to remain very challenging."
Sales of Victory motorcycles to dealers decreased 55 percent during the second quarter of 2009 when compared to the same period in 2008; sales of ATVs and side-by-side vehicles to dealers decreased 25 percent; sales of parts, garments and accessories (PG&A) decreased 13 percent; and snowmobile sales totaled $7.4 million, up from $6.0 million for the second quarter of 2008.
Polaris plans to hold its second quarter investors conference call today, July 16.
- Submitted by Guido Ebert
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