​Polaris Warns “Challenging Retail Demand” For ATVs & Jetskis – Tyler Durden

Polaris Warns “Challenging Retail Demand” For ATVs & Jetskis Polaris shares fell in premarket trading after the company, known for selling ATVs, UTVs, jet skis, and snowmobiles, posted disappointing third-quarter earnings. The company also cut its full-year earnings per share and sales forecast, citing sagging demand for outdoor vehicles due to elevated interest rates.  “As consumer confidence and retail demand remain challenging, we have maintained our focus on managing dealer inventory and delivering better operational efficiency,” Polaris CEO Mike Speetzen wrote in a press release.  Polaris reported sales of $1.72 billion, down 23% YoY, missing the Bloomberg estimate of $1.77 billion. Sales…  — Continue at ZeroHedge News : Read More