BRP hits seasonal jump over supply chain constraints

Cons. Discr. - Autos 1103 Earnings 644 Mexico 828 Quote Watch 414 U.S. 5146

Powersports vehicle maker BRP reported 47.1% year over year growth in revenues in the three months to April 30, beating analysts’ estimates by 10.2 percentage points. The expansion can also be seen in the U.S. seaborne imports linked to the firm which climbed 39.2% higher over the same period. The firm expects slower growth in the next two quarters with CEO Jose Boisjoli citing “ongoing supply chain constraints, which are evolving very rapidly” after overcoming logistics challenges in the past quarter. A 12.0% drop in imports in May 2021 versus May 2019 suggests growth may already have r...

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