Image Source: HINDUSTAN TIMES

Agencies

Polaris Inc. is one of the few companies to benefit from pandemic-related shutdowns, but Chief Executive Officer Scott Wine isn�t celebrating.

Offering consumers relief from coronavirus-induced cabin fever helped the maker of snowmobiles, off-road vehicles and motorcycles post blowout second-quarter earnings Tuesday that beat the highest analyst estimate and lift earnings guidance for the full year. Still, the company�s CEO is cautious about the outlook.

�The risk we have is not really the pandemic because in a weird way the pandemic helps us," Wine said in an interview. �I am very concerned about the economy, the election, rhetoric with China -- that�s more of a concern for us than anything else right now."

He said Polaris expects �moderate growth" in the second half of the year.

The Medina, Minnesota-based company cut jobs and loaded up on cash to weather the viral storm earlier this year, only to see demand surge as stir-crazy consumers flocked to socially distant outdoor activities.

Shares of the company rose 7.4% to close Tuesday at $105.26, the highest in nearly two years.