The Latest Breaking News from BRP Inc

The athletic industry is well-positioned for growth this year and beyond due to robust demand amid rising health awareness. Given the industry’s solid long-term prospects, investors might consider buying quality stocks MasterCraft Boat Holdings (MCFT), Skechers U.S.A. (SKX) and BRP (DOOO). Read on.

The athletic industry is poised for growth due to strong demand and increasing health awareness. While investors are focusing on NIKE (NKE), I believe Vista Outdoor (VSTO), BRP (DOOO), and American Outdoor (AOUT) are better buys right now. Continue reading.

People are increasingly participating in some kind of outdoor activity as they snap out of the pandemic. Moreover, given the government efforts, investors could consider buying BRP (DOOO), MasterCraft Boat Holdings (MCFT), and Marine Products (MPX). Read on.

BRP Inc (NASDAQ:DOOO) (TSX:DOO) has increased total available commitments under its revolving credit facility by C$400 million to reach C$1.5 billion in total. The company has also obtained an incremental $100 million term loan from existing lenders under its term loan credit agreement. The costs of borrowing under the revolving credit agreement will…

The boating market is gaining traction with people’s increasing interest in outdoor activities. With the pandemic-related restrictions at ease, this summer is expected to attract many to this watersport. Given the market’s favorable prospects, the boating stocks MasterCraft (MCFT), BRP (DOOO), and MarineMax (HZO) might be solid additions to one’s…

Raymond James analyst Joseph Altobello lowered the price target on BRP Inc (NASDAQ: DOOO) (TSX: DOO) to C$135 from C$146 and maintained a Strong Buy rating on the shares.

BRP Inc (NASDAQ:DOOO) (TSX:DOO) reported first-quarter FY23 sales flat Y/Y at C$1.81 billion. The company said it experienced continuing supply chain-related disruptions and inefficiencies in an increasingly inflationary environment. The gross profit for the quarter fell 16.2% Y/Y to C$454.4 million, and the gross margin contracted 490 basis points to 25.1%. Normalized EBITDA…

Raymond James analyst Joseph Altobello raised the price target on BRP Inc (NASDAQ: DOOO) to C$146 from C$137 and kept a Strong Buy rating on the shares.

BRP Inc (NASDAQ:DOOO) reported fourth-quarter FY22 sales growth of 29.3% year-on-year, to C$2.35 billion. The gross profit for the quarter rose 21.4% Y/Y to C$609.5 million, and the gross margin contracted 170 basis points to 26%. Normalized EBITDA increased 33% Y/Y to C$416.4 million. EPS of C$2.50 improved from C$2.95 last year. Normalized EPS…