PII - Polaris Reports Mixed Q1 CEO Touts Competitive Product Portfolio Cautions On Uncertain Macro Environment | Benzinga
Polaris Inc. (NYSE:PII) on Tuesday reported first-quarter adjusted earnings per share of 23 cents, beating the analyst consensus of 6 cents.
First-quarter sales were $1.736 billion, down 20% compared to last year. Quarterly sales missed the street view of $1.748 billion.
Primary factors affecting first-quarter sales were lower volume and net pricing driven by higher promotional spending, partially offset by a favorable mix.
Powersports retail sales for the quarter were down 10% versus last year, driven by a decline in snow; ...