Polaris Industries Rides the New Indian Motorcycle to Q2 Growth
Polaris Industries (NYSE: PII) delivered a strong second-quarter earnings report driven by surprising strength in its global motorcycle business as it launched a new bike that allowed the powersports-vehicle manufacturer to beat expectations and raise the low end of its full-year guidance.
Polaris posted a 15% sales gain for its motorcycle segment during the period, despite North American Indian sales slipping by mid-single-digit percentages and the three-wheeled Slingshot pulling the segment down further.
CFO Michael Speetzen said not only did Indian gain market share in the quarter from the introduction of the FTR 1200 motorcycle, but it also helped boost international sales 41% from last year while pushing sales of parts, garments, and accessories 11% higher.
Quelle Fool.com
