Earnings GuidancePII's initial guidance for '25 came in well below expectations, with adjusted EPS expected to be significantly lower than the consensus.
Industry HeadwindsPII highlighted near-term industry headwinds, including consumer uncertainty, elevated rates, aggressive promotional levels, dealer caution, and inventory destocking.
Tariff UncertaintyTariff uncertainty represents an unknowable but sizeable risk factor moving forward, making it hard to recommend these shares.