Cooped up consumers flocked to showroom floors during the COVID-19 health crisis. Ironically, many manufacturers struggled to meet that demand due to pandemic-induced supply chain shortages. Those supply woes haven’t relented as authorities continue to relax COVID health restrictions worldwide. Still facing supply chain challenges and inflationary threats, Polaris posted discouraging sales figures in Q1 2022.
As a whole, Polaris experienced a 22-percent dip in retail sales versus the same period last year, which saw the company amass a 70-percent sales increase over Q1 2020. Polaris pulled in $70 million in the first three months of 2022, but that’s a 48-percent freefall in revenue.
