Polaris Continues To Expect 2024 Sales To Be Down 5%-7% YoY; Adjusted Diluted EPS Is Expected To Be Down 10%-15% YoY
Portfolio Pulse from Benzinga Newsdesk
Polaris anticipates a decrease in 2024 sales by 5%-7% year-over-year and expects adjusted diluted EPS to fall by 10%-15% YoY. The company aims to maintain sound execution amidst an uncertain macro environment, focusing on managing dealer inventory, customer delivery, operational improvements, and driving profitable growth.
April 23, 2024 | 10:10 am
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Polaris expects a 5%-7% decline in 2024 sales and a 10%-15% decrease in adjusted diluted EPS, aiming for operational excellence in a challenging macro environment.
The anticipated decline in sales and adjusted diluted EPS for Polaris in 2024 suggests a negative outlook for the company's financial performance. This forecast, especially in the context of an uncertain macroeconomic environment, could lead to bearish sentiment among investors, potentially impacting the stock price negatively in the short term.
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IMPORTANCE 90
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