Polaris' 3Q Miss Doesn't Bode Well For Industry Peer BRP -- Market Talk

Dow Jones10-22

1157 ET - If Polaris' 3Q earnings and sales miss plus guidance cut are any clue, leisure-craft peer BRP may be in the same boat. In a TD Cowen report, Brian Morrison notes that Polaris' North American retail sales fell 7% due to softness from each of its segments. "Weak retail sales, active dealer destocking, increased promotional activity and heightened floor plan financing costs resulted in net sales declining 23%," he says. Polaris thinks this challenging environment will continue, and will be a drag on the industry including BRP for the next several quarters. BRP falls 4.7% to C$73.57. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

October 22, 2024 11:57 ET (15:57 GMT)

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2477524383?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-22 23:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2477524383","market":"fut","top_or_hot":-1,"title":"Polaris' 3Q Miss Doesn't Bode Well For Industry Peer BRP -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1157 ET - If Polaris' 3Q earnings and sales miss plus guidance cut are any clue, leisure-craft peer BRP may be in the same boat. In a TD Cowen report, Brian Morrison notes that Polaris' North American retail sales fell 7% due to softness from each of its segments. \"Weak retail sales, active dealer destocking, increased promotional activity and heightened floor plan financing costs resulted in net sales declining 23%,\" he says. Polaris thinks this challenging environment will continue, and will be a drag on the industry including BRP for the next several quarters. BRP falls 4.7% to C$73.57. (adriano.marchese@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 22, 2024 11:57 ET (15:57 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Polaris' 3Q Miss Doesn't Bode Well For Industry Peer BRP -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPolaris' 3Q Miss Doesn't Bode Well For Industry Peer BRP -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-22 23:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1157 ET - If Polaris' 3Q earnings and sales miss plus guidance cut are any clue, leisure-craft peer BRP may be in the same boat. In a TD Cowen report, Brian Morrison notes that Polaris' North American...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4190","symbol_name":"消闲用品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2477524383","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477524383","pubTimestamp":1729612620,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1157 ET - If Polaris' 3Q earnings and sales miss plus guidance cut are any clue, leisure-craft peer BRP may be in the same boat. In a TD Cowen report, Brian Morrison notes that Polaris' North American retail sales fell 7% due to softness from each of its segments. \"Weak retail sales, active dealer destocking, increased promotional activity and heightened floor plan financing costs resulted in net sales declining 23%,\" he says. Polaris thinks this challenging environment will continue, and will be a drag on the industry including BRP for the next several quarters. BRP falls 4.7% to C$73.57. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4190":"消闲用品","BK6008":"电脑与电子产品零售","5BI.SI":"POLARIS公司","BK6514":"零售商股","PII":"北极星","DOOO":"BRP Inc."},"translate_title":"北极星第三季度业绩不佳对行业同行BRP来说不是好兆头——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"5BI.SI":1,"PII":1,"DOOO":0.9},"content_text":"1157 ET - If Polaris' 3Q earnings and sales miss plus guidance cut are any clue, leisure-craft peer BRP may be in the same boat. In a TD Cowen report, Brian Morrison notes that Polaris' North American retail sales fell 7% due to softness from each of its segments. \"Weak retail sales, active dealer destocking, increased promotional activity and heightened floor plan financing costs resulted in net sales declining 23%,\" he says. Polaris thinks this challenging environment will continue, and will be a drag on the industry including BRP for the next several quarters. BRP falls 4.7% to C$73.57. (adriano.marchese@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  October 22, 2024 11:57 ET (15:57 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477524383"}