Polaris (PII -1.51%), a leading maker of off-road vehicles, motorcycles, and marine products, released its second quarter fiscal 2025 results on July 29, 2025. The company reported non-GAAP revenue of $1,847.9 million, topping analyst estimates of $1,710.2 million (non-GAAP). Non-GAAP EPS came in at $0.40, a major beat compared to the consensus of close to zero, but reflecting a 71% decline from the same period last year. Despite these headline beats, overall results showed weaker profitability, with shrink ...