BRP shares achieve 7% on upbeat steerage, sturdy Q3 outcomes

VALCOURT, Quebec – BRP Inc . (TSX:DOO) (NASDAQ:DOOO) shares jumped over 7% on Friday after the powersports automobile maker reported third quarter outcomes and steerage that exceeded analyst estimates.

The corporate posted adjusted earnings per share of C$1.16 for the quarter ended October 31, considerably beating the consensus forecast of C$0.57. Income got here in at C$1.96 billion, additionally surpassing expectations of C$1.39 billion.

Whereas income declined 17.5% YoY resulting from softer demand and efforts to scale back seller stock ranges, BRP (NASDAQ:DOOO)’s outcomes had been higher than feared given the difficult macroeconomic atmosphere.

Wanting forward, BRP supplied an upbeat outlook, forecasting full-year fiscal 2025 adjusted EPS of C$4.25 to C$4.75. This steerage vary is effectively above the C$2.24 analysts had been projecting on common.

“Our disciplined execution allowed us to ship outcomes above expectations, regardless of the macroeconomic context and the promotional depth within the trade,” mentioned José Boisjoli, President and CEO of BRP.

The corporate mentioned it has made progress on lowering North American seller stock ranges, reaching its goal one quarter forward of plan. BRP stays centered on managing manufacturing and growing promotional spend to take care of its aggressive place.

With its sturdy product lineup and improved stock place, administration believes BRP is “uniquely positioned to seize alternatives when the market rebounds.

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