Polaris CEO Mike Speetzen : " Retail sales were impacted by the substantial deterioration of the supply chain permeating the global economy , but continued interest and demand from existing riders and new customers advanced our market position ."
snowmobile orders year-over-year and supply chain disruptions . Global Adjacent Markets segment sales , including PG & A , increased 37 % to $ 147m in the 2021 third quarter compared to $ 107m in the 2020 third quarter , driven by increases in demand in North America and EMEA . Aftermarket segment sales of $ 227m in the 2021 third quarter decreased 4 % compared to $ 237m in the 2020 third quarter . Transamerican Auto Parts ( TAP ) sales of $ 182m in the third quarter of 2021 decreased 6 % compared to $ 194m in the third quarter of 2020 . The company ' s other aftermarket brands ' sales were up 4 % compared to the third quarter of 2020 . Gross profit decreased 6 % to $ 60m , or 26.5 % of sales in the third quarter of 2021 , compared to $ 64m , or 26.9 % of sales in the third quarter of 2020 . Boats segment sales increased 18 % to $ 184m in the 2021 third quarter compared to $ 155m in the 2020 third quarter , driven by sales growth in the Bennington and Godfrey brands . Parts , Garments and Accessories (" PG & A ") sales increased 8 % for the
2021 third quarter , with all categories and business segments growing sales during the quarter . International sales to customers outside of North America , including PG & A , totaled $ 246m for the third quarter of 2021 , up 21 % from the same period in 2020 . All regions and categories realized strong sales increases year over year . Overall gross profit decreased 13 % to $ 466m for the third quarter of 2021 from $ 535m in the third quarter of 2020 . Reported gross profit margin was 23.8 % of sales for the third quarter of 2021 , down 359 basis points compared to 27.3 % of sales for the third quarter of 2020 . Operating expenses increased 3 % for the third quarter of 2021 to $ 322m from $ 313m in the same period in 2020 . Operating expenses increased slightly primarily due to an increase in research and development . Polaris lowered its full year 2021 adjusted earnings and sales guidance given the supply chain constraints and now expects to earn approximately $ 9.00 per diluted share , with adjusted sales now expected to be up approximately 16 % over the prior year . Given the impact of supply chain constraints on production and shipments through the first nine months of the year , and the expectations that those disruptions will not subside by year end , the company is lowering its expected full year 2021 earnings guidance .
Zakar Event Center Named Site of Vance & Hines ORPG
More news about the decision that exhaust manufacturer Vance & Hines announced last month to open an Off-Road Proving Ground ( ORPG ) in the Mojave Desert . The venue is to be The Zakar Event Center and Terrain Park , a subsidiary of RawHyde Adventures . " As the aftermarket exhaust manufacturer continues to invest in the growing off-road and adventure motorcycle spaces , the ORPG will serve as the company ' s private site for product development and testing ." Situated on 100 acres in the heart of the Mojave Desert , and just two hours north of Los Angeles , Zakar is an ideal location for the new ORPG , offering the Vance & Hines team immediate access to Zakar ' s professionally built terrain park as well as the area ' s hundreds
of miles of off-road trails - allowing for product testing and demos . " We are focused on bringing Vance & Hines exhilaration to all types of off-road riders . Our new proving grounds is an example of our commitment to create a steady flow of great products for off-road fans ," explained Vance & Hines
President , Mike Kennedy . Vance & Hines has now released three exhaust systems for Adventure motorcycles , including the BMW R 1250 GS and GS Adventure and the Harley Pan America . " It is refreshing to see a company with the history and pedigree of Vance & Hines invest in the Adventure community ," remarked Jim Hyde , founder of RawHyde Adventures and Zakar Event Center . " ADV riders are all about performance , and to know that the new exhaust for the BMW R 1250 GS is just one of many products to come shows that Vance & Hines is committed to helping grow our space ."
12 AFTERMARKET MOTO DESIGN - DECEMBER 2021 www . AMDchampionship . com