BRP Stock Holds Up as TSX Drops, But Tariffs Remain an Issue
BRP shares rose 1.1% to C$85.68 in Toronto Wednesday, bucking a 1.1% drop in the S&P/TSX Composite. The gain followed BRP’s updated fiscal 2027 outlook and the Can-Am unit’s launch of connected navigation for electric motorcycles. Quarterly revenue climbed 29.5% to C$2.39 billion, with normalized EBITDA up 66.5% to C$334.4 million. Tariffs and weak North American retail sales remain a drag.