DOOO - BRP Down Over 3% After Q1 Earnings - Here's Why | Benzinga
BRP Inc. (NASDAQ:DOOO) shares are trading lower in the premarket session on Friday after the company slashed its FY25 guidance.
The company reported first-quarter adjusted earnings per share of 70 cents, which topped the street view of 66 cents.
BRP reported quarterly revenues of $1.498 billion, above the street view of $1.460 billion.
The company witnessed lower volume across most product lines, driven by decreasing network inventory levels and higher sales programs.
“As the year unfolds, our dealers’ profitability is under more pressure than ...