Polaris Sees an Across-the-Board Sales Surge in Q4
Consumers continued hunting for outdoor activities during the pandemic, sending sales of Polaris Industries' (NYSE: PII) powersport vehicles soaring in the fourth quarter.
The company released its quarterly results today, and every category of Polaris' business saw an increase, with almost every one experiencing double-digit growth. That resulted in revenue of $2.16 billion, with adjusted profits up 83% year over year to $3.34 per share.
Top- and bottom-line results beat analyst forecasts of revenue of $2.1 billion and profits of $2.85 per share.
Source Fool.com