November, December retail sales slump for Polaris
January 30, 2009
Filed under Features
Polaris Industries’ retail sales were up in October but slowed significantly the last two months of 2008, company officials said in outlining year-end results.
Polaris finished its fourth quarter down in sales by 3 percent and net income by 5 percent compared to the previous-year period. Part of those declines was due to negative impacts from foreign currency exchange rates.
Polaris officials also said its side-by-side sales slowed in its fourth quarter, although the sales still reflected gains over a year ago.
The company’s snowmobile sales also were up, finishing at $95 million, or 19 percent over a year ago.
For more on Polaris’ year-end report, see an upcoming edition of Powersports Business.