Polaris Inc. (NYSE: PII) was featured in a recent analysis report that discussed the company’s performance amid the Covid-19 pandemic and the recent increase in purchase intent mentions during the last three months. The report, written by LikeFolio Founder Andy Swan, reads, “With 35% market share (the leading company in ATV/Snowmobile industry), Polaris has thrived over the past decade. After a mediocre 20Q1 performance with sales decreasing 6% to $1.4 billion, and a net loss of $0.09 per share, Polaris is looking to navigate through the economic uncertainty of the Covid-19 pandemic. On March 23, Polaris was forced to switch game plans and withdrew its full year 2020 guidance. So it is unlikely this quarter will yield amazing numbers. But don’t count them out just yet… Likefolio data is showing an increase in Purchase Intent mentions over the last 3 months. With Purchase Intent up +30% YoY, Summer weather in full effect, and a growing interest in the outdoors, PII has great potential. Nationwide shut-downs through May helped to generate buzz for Polaris products.”
As the global leader in Powersports, Polaris Inc. pioneers product breakthroughs and enriching experiences and services that have invited people to discover the joy of being outdoors since our founding in 1954. With annual 2019 sales of $6.8 billion, Polaris’ high-quality product line-up includes the Polaris RANGER(R), RZR(R) and Polaris GENERAL(TM) side-by-side off-road vehicles; Sportsman(R) all-terrain off-road vehicles; Indian Motorcycle(R) mid-size and heavyweight motorcycles; Slingshot(R) moto-roadsters; snowmobiles; and deck, cruiser and pontoon boats, including industry-leading Bennington pontoons. Polaris enhances the riding experience with parts, garments, and accessories, along with a growing aftermarket portfolio, including Transamerican Auto Parts. Polaris’ presence in adjacent markets includes military and commercial off-road vehicles, quadricycles, and electric vehicles. Proudly headquartered in Minnesota, Polaris serves more than 100 countries across the globe. For more information, visit the company’s website at www.Polaris.com.
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