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Analyst: Polaris sled retail sales up 20% in Q1

April 4, 2013
Filed under News, Top Stories

Expect Polaris to announce record revenue and earnings per share in the first quarter, according to Wells Fargo Securities analyst Tim Conder.

In a research note provided to Powersports Business by Conder, he reports that dealer checks in recent weeks reveal the following estimated year-over-year retail sales trends by Polaris dealers:

Side-by-side: Up mid-teens percent
ATV: Up mid-single digits
Victory: Up 5-10 percent
Snowmobiles: Up 20 percent

Conder also notes the ATV industry being down 8 percent year-over-year, with Polaris “continuing to gain share in core ATV/SxS on strong product features and price/value.”

Conder also writes that “overall financing remains available/affordable for reasonably qualified borrowers and appears to have loosened incrementally over the last six months.”

The report also says that Wells Fargo Securities’ outlook “acknowledges that the recent 20%+ annual sales growth and 35%+ annual earnings growth is in the process of slowing to more sustainable high single/low double-digit rate and 15-20% levels, respectively.”

Wells Fargo Securities rates Polaris stock as “Outperform.”

Comments

One Response to “Analyst: Polaris sled retail sales up 20% in Q1”

  1. Jeff on April 4th, 2013 1:26 pm

    The numbers are wrong.

    [Reply]

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