BRP Inc. (NASDAQ:DOOO) shares are trading lower in Friday’s premarket session after the company reported second-quarter results and revised its FY25 guidance downward.
The company reported second-quarter adjusted EPS of C$0.61, a decrease of C$2.60 per share from the year-ago quarter. In USD, adjusted EPS was $0.45 above the consensus of $0.33.
BRP reported quarterly revenues decrease of 33.7% year-over-year to C$1.841 billion. In USD, revenues of $1.34 billion missed the street view of $1.39 billion.
The revenue decline was primarily due to lower sales volume across all product lines as the company focused on reducing inventory levels and increasing sales programs to boost demand.
Year-Round Products (54% of revenues): Revenues ...
