Polaris (NYSE:PII) lowers its outlook for full-year revenue growth to a range of 4% to 5%, down from a prior estimate of 10% to 11%.
The company sees EPS growth of 1% to 2% vs. a prior range of 11% to 12%..
Snowmobile sales have been crushed due to the warmer weather in the U.S. during November and December.
"The overall North American snowmobile industry is down mid-teens percent season-to-date through November," warns Polaris.
PII -7.66% premarket to $88.01.
Subscribe for full text news in your inbox