On the back of better then expected Q1 results Polaris just posted their 6th consecutive quarterly beat. 16% growth on revenue YoY, fuelled by 8% gains in retail sales alone. Operating income jumped 19% and net income rose 9%, which to me indiactes that despite its growth Polaris isn't adding bloat. 22 consecutive quarters of record beating performance doesn't happen by accident.
CEO Scott Wine:
"We outperformed the market again in most of our businesses in spite of increased competitive promotional pressures, weakening global markets and the corresponding negative effect from currencies. While we are justifiably proud of these accomplishments, we remain focused on seizing the numerous opportunities we missed to perform better."
Slingshot is one of core pillars underpinning Polaris recent success:
Arguably most impressive were sales of Polaris motorcycles, where revenue skyrocketed 74% over the same year-ago period, to $137.4 million. For that, investors can thank increases from all three of Polaris' Victory, Indian Motorcycle, and Slingshot brands. That included a nearly 40% collective jump in retail demand for Victory and Indian Motorcycles, the latter of which showed particular strength.
Buried in their earnings report was a reference to a new bright orange Slingshot Special Edition:
and Slingshot adding a limited edition model packed with head-turning features, including striking Nuclear Sunset Orange coloring, dual windscreens and an interior LED lighting package.