Current Date: Tue-Apr-2024

Polaris Shares Slip After Revenue Miss: Here's What Added Pressure On The Results

Grand News Network | October 24, 2023

Polaris Inc (NYSE: PII) reported a third-quarter FY23 sales decline of 4% year-on-year to $2.25 billion.

The company missed the analyst consensus estimate of $2.25 billion.

Total Company sales in the third quarter of 2023 were negatively impacted by lower shipment volumes and higher finance interest.

Sales from Off-Road segment rose 6%, On Road segment dropped 19%, and Marine slumped 48%.

Adjusted ...

Full story available on Benzinga.com


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