0945 ET - There are some positives to glean from Polaris' 3Q for its Canadian peer BRP. Scotiabank Jonathan Goldman says in a report that Polaris' 2Q revenue guidance equates to an 8% decline y/y compared with expectations of a 12% decline for BRP, which could suggest it won't be as bad as projected. At the same time, Polaris lost shares in its off-road segment, which could have gone to BRP. Thirdly, the analyst says that "vis-a-vis tariffs, we believe Polaris is relatively disadvantaged vs. BRP given higher China sourcing." Polaris noted continued retail demand pressure with elevated promotional pushes. Wholesale is expected to be lower than retail this year as the company continues to manage channel inventory, Goldman noted. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 09:45 ET (13:45 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.