03:54:43 EDT Tue 21 May 2024
Enter Symbol
or Name
USA
CA



BRP Inc
Symbol DOO
Shares Issued 36,209,571
Close 2023-06-01 C$ 95.13
Market Cap C$ 3,444,616,489
Recent Sedar Documents

Globe/CP say BRP outperforming its peers

2023-06-02 08:46 ET - In the News

The Globe and Mail reports in its Friday edition that BRP chief executive officer José Boisjoli says a sputtering economy has failed to put the brakes on the powersport company, with enough wealthy North Americans to buoy sales through the rest of the year. A Canadian Press dispatch to The Globe quotes Mr. Boisjoli telling CP: "In the United States, 35 per cent of the population earns above $100,000, and 70 per cent of our customers earn above $100,000. The richer people are interested in buying our product line. And when we look at the big picture, I totally understand analysts or investors or even people who are concerned about the macroeconomic -- but we don't see it." Two decades after it spun off from Bombardier, BRP has seen its size and profits trend steadily upward. The head count has ballooned to 23,000 from 6,800 in 2013. Revenues rose 245 per cent to $10-billion between its fiscal 2013 and 2023 (which ended Jan. 31). Its claimed share of the powersport market is more than a third, versus 18 per cent 10 years ago. In its latest quarter, strong Sea-Doo and off-road vehicle sales drove up profits by 28 per cent year-over-year. Mr. Boisjoli said BRP is outpacing the North American powersports industry.

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