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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (138775)	11/30/2022 1:00:28 PM
From: Goose94	Read Replies (1) \| Respond to of 202700

BRP (DOO-T) spike to touch a three month high to fall back to earth...

To: Goose94 who wrote (138775)	3/23/2023 9:41:20 AM
From: Goose94	Read Replies (1) \| Respond to of 202700

BRP (DOO-T) Recreational Vehicle-maker Posts Record Quarter Staying Bombardier-adjacent, recreational vehicle-maker BRP (a past spin-out from the company) posted record revenues in its fourth quarter, up 31 per cent from a year ago to hit nearly $3.1 billion. The company – known for ATVs and Sea-doos, but also side-by-side off-road vehicles in recent years – says strong consumer demand helped drive that record revenue in the quarter. While that 31 per cent figure is eye-popping, things are expected to moderate this year, with BRP forecasting revenue growth in the nine to12 per cent range for its fiscal 2024. It’s worth noting quickly that it’s also boosting its quarterly dividend by 13 per cent to $0.18 per share as well. It’s been interesting times for BRP – the company was something of a pandemic darling, as social distancing requirements and a build-up in household savings helped drive demand for off-road vehicles, which by their very nature keep you away from others, but that demand doesn’t seem to have waned too badly in spite of the world getting back to some semblance of normalcy. And stay tuned for Bloomberg Markets – we’ll hear more from BRP CEO José Boisjoli just after 1300ET BNN.ca