Polaris has released its earnings for the fourth quarter of 2022, a record sales year for the brand. Total earnings for the year were $8.5 billion, which is up 15% from 2021. For Q4 alone, Polaris recorded $2.4 billion in earnings, an increase of 21% from 2021.
Polaris also released its worldwide sales data. North America was Polaris’ main market for 2022, recording 88% of total sales. North American sales increased from $1.7 Billion to $2.4 billion in Q4. International sales also increased 7%, with Polaris earning $296 million in Q4 of 2022.
An increase in vehicle pricing, a bigger product variety, and an increase in supply chain productivity all aided in the record-breaking quarter for Polaris. Thought last year was a banner sales year, the company expects 2023 sales to stay consistent with 2022, and expects a maximum sales increase of 5%.
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