BRP Clocks 14% Growth In Q2 Revenues Amid Improvements In Supply Chain, Sustained Demand
Portfolio Pulse from Nabaparna Bhattacharya
BRP Inc. (NASDAQ:DOOO) reported a 14% YoY increase in Q2 FY24 sales to $2.081 billion, beating the consensus estimate of $1.98 billion. The increase in sales is attributed to high deliveries of units due to improvements in the supply chain and sustained demand. The company's North American retail sales for Powersports Products increased by 41% YoY. BRP also increased its full year-end guidance for normalized EPS.
September 07, 2023 | 4:12 pm
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BRP Inc. reported better than expected Q2 FY24 sales and increased its full year-end guidance, which could have a positive impact on its stock.
BRP Inc.'s better than expected Q2 FY24 sales and increased full year-end guidance indicate strong performance and positive future outlook, which are likely to boost investor confidence and potentially drive the stock price up.
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