Polaris Inc. (PII) stock plunged on Tuesday after the company reported weaker-than-expected third-quarter results. Sales and profits missed analyst estimates, driven by lower volume, unfavorable product mix, and increased promotional activity. Polaris has also revised its 2024 outlook, expecting sales to decline by about 20% and adjusted diluted EPS to drop by approximately 65%.
BRP Inc. (DOOO) shares are down sharply in pre-market trading after the company reported disappointing second-quarter earnings and revised its full-year 2025 guidance downwards. The company attributed the decline to lower sales volume across all product lines, as they worked to reduce inventory levels and boost demand. Revenue missed analyst estimates, and adjusted earnings per share fell significantly compared to the prior year.
BRP Inc., a global leader in powersports products, reported its financial results for the second quarter of fiscal year 2025, ending July 31, 2024. The company saw a significant decrease in revenue, driven by a strategic inventory reduction strategy. Despite the revenue decline, BRP remains focused on its long-term strategy and continues to invest in research and development, including the launch of its electric Can-Am motorcycle lineup.
