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Investing.com - Polaris Industries Inc. (NYSE:PII) reported first-quarter results on Tuesday that fell short of analyst expectations, yet saw its stock surge 7% as investors appeared to focus on the company’s market share gains in motorcycles and marine segments.
The powersports vehicle manufacturer posted a first-quarter adjusted loss per share of $0.90, missing the analyst estimate of a $0.86 loss.
Revenue for the quarter came in at $1.54 billion, in line with consensus estimates but down 12% YoY.
Polaris cited lower volume due to planned shipment reductions and increased promotional spending as primary factors affecting sales.
The company reported market share gains in motorcycles and marine segments, while off-road vehicles experienced a modest share decline. Overall powersports retail sales for the quarter decreased 7% compared to the previous year.
CEO Mike Speetzen commented, "Results from this recent quarter were in line with our expectations, as we continued to prioritize supporting our dealer network and managing a prolonged industry downturn."
In a significant move, Polaris announced the withdrawal of its full-year 2025 sales and adjusted earnings guidance, citing consumer uncertainty and a dynamic tariff environment as near-term challenges.
Despite the earnings miss and withdrawn guidance, Polaris shares climbed 7% following the announcement, suggesting investors may be focusing on the company’s market share gains and management’s strategic efforts to navigate the industry downturn.
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