For FY24, BRP Expects Sales To Increase 4%-5% (Previously Up 7%-10%)
Portfolio Pulse from Benzinga Newsdesk
BRP Inc. has revised its FY24 sales growth forecast down to 4%-5% from the previously expected 7%-10%.

November 30, 2023 | 11:05 am
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BRP Inc. (DOOO) has lowered its sales growth expectations for FY24, which may lead to a negative investor sentiment and a potential decrease in stock price in the short term.
A downward revision in sales growth forecasts typically indicates potential headwinds or a less optimistic outlook for the company's performance. This can often result in a negative reaction from the market as investors adjust their expectations for future revenue and earnings potential. Given that BRP Inc. is directly involved and the information is specific to their financial outlook, the relevance is high, and the importance is significant for investors holding or considering DOOO stock.
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