BRP Inc. reports a significant Q2 profit and revenue decline, citing challenging retail environment.
BRP Inc., maker of Ski-Doo and Sea-Doo products, reported a sharp decline in Q2 profit and revenue. For the quarter ending July 31, profit fell to $7.2 million, down from $338.7 million a year prior, while revenue dropped to $1.84 billion from $2.78 billion. The company cited a challenging retail environment and revised its full-year revenue guidance to $7.8-8.0 billion, down from $8.6-8.9 billion, with lowered earnings expectations as well.
September 06, 2024
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