Polaris Inc. reported its third-quarter earnings for 2024, revealing an adjusted earnings per share (EPS) of $0.73, falling short of the expected $0.90, and down significantly from $2.42 year-over-year. The company's revenue for the quarter was $1.72 billion, also below the anticipated $1.77 billion, marking a 23% decline compared to the previous year. In light of these results, Polaris has revised its full-year 2024 outlook, now projecting a revenue decrease of approximately 20% year-over-year, compared to the prior estimate of a decline between 17% and 20%. Additionally, the adjusted diluted EPS forecast for the year has been cut to a range implying $3.25, down from the previous estimate of $3.56. The company anticipates a challenging retail environment for the remainder of 2024 and into 2025, which has contributed to the downward revision in its financial outlook.