BRP Stock Climbs After Q4 Earnings Top Estimates, Outlook Held Back Amid Trade Uncertainty

BRP Inc. (NASDAQ:DOOO) shares traded higher on Wednesday after the company reported fourth-quarter results.

The company reported a revenue decrease of 19.7% year-over-year to C$2.098 billion. In USD, revenues of $1.48 billion beat the street view of $1.35 billion.

Adjusted EPS of C$0.98 declined C$1.80 per share from the year-ago quarter. In USD, adjusted EPS was $0.69 above the consensus of $0.62.

The revenue decline was primarily due to lower sales volume across all product lines on weak demand and increasing sales programs.

North American retail sales dipped 21% Y/Y owing to weak industry volumes in Snowmobile and market share loss in Off-Road Vehicles on high non-current inventory from other OEMs.

Year-Round Products ...