Polaris sees Q3 adjusted EPS 31c-41c, consensus (15c)

Sees Q3 revenue at high end of $1.6B-$1.8B, consensus $1.69B. Commenting on preliminary third quarter results, CEO Speetzen said: “As we prepare to report our third quarter results, we’re encouraged by improving retail trends with ORV ex-Youth up low double digits and continued strong share gains in ORV. Based on preliminary data, we expect third quarter sales to be at the high end of our previously issued guidance range of $1.6 billion to $1.8 billion. We anticipate third quarter adjusted EPS to be in the range of $0.31 to $0.41, which is meaningfully higher than our original expectations, driven by higher-than-expected shipments, strong cost management and ongoing progress within our operational efficiency initiatives.”