Ski-Doo And Lynx Snowmobiles Maker BRP Slashes FY25 Outlook As Sales Plunge Across All Product Lines: Details
Portfolio Pulse from Akanksha Bakshi
BRP Inc. (NASDAQ:DOOO) has revised its FY25 outlook downward following a significant drop in sales across all product lines. The company reported a 33.7% year-over-year revenue decline in Q2, with adjusted EPS falling to C$0.61. BRP's shares are down 7.69% in premarket trading.
September 06, 2024 | 1:24 pm
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BRP Inc. reported a significant decline in Q2 revenues and adjusted EPS, leading to a downward revision of its FY25 outlook. The company's shares are down 7.69% in premarket trading.
The significant drop in revenues and EPS, along with the lowered FY25 outlook, indicates financial challenges for BRP. This has led to a negative market reaction, with shares dropping 7.69% in premarket trading.
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