Polaris Shares Fall 11% on Tariff Concerns

Polaris Inc. shares fell 11% after competitor BRP Inc. suspended FY2027 guidance due to U.S. tariff changes.
BRP stock plunged 24% following announcement of a 25% Section 232 tariff on imported snowmobiles and off‑road vehicles effective April 6, 2026.
BRP estimates the tariff will add over $500 million in costs for the year, raising concerns of pressure on Polaris’s snowmobile and ATV lines.
BRP CEO Denis Le Vot said the tariff creates a volatile environment but the company’s balance sheet will help manage the challenge.