earnings
confidence high
sentiment negative
materiality 0.75
Polaris Q1 EPS $1.14 (-46% YoY); sales flat at $1.96B; gross margin down 438 bps
Polaris Inc.
2022-Q1 EPS reported
$1.14
revenue$1,956,800,000
- Reported EPS $1.14 (adjusted $1.29) vs $2.11 YoY; net income $70M down 48%.
- Sales $1,957M flat YoY; North America retail sales down 22% due to supply chain.
- Gross profit margin 20.3% contracted 438 bps from 24.7% on higher input costs.
- Off-Road segment sales up 2% but gross margin down 721 bps to 19.2%; ORV retail down high-twenties.
- Full-year guidance maintained: sales $9.2-9.5B, adj EPS $10.10-10.40.