Year-Round Strength Stemming From Brand Equity Drives Improved Operating Outlook Ahead for BRP
Thanks to Ryker’s inaugural season, narrow-moat BRP delivered robust 19% year-round segment sales growth in its first quarter, outpacing the 7% increase we anticipated, leading BRP to raise its full-year sales outlook to a 9%-13% lift from 7%-11% growth prior (versus our 8% forecast). After incorporating results, our fiscal 2020 revenue growth forecast rises to 10%, and we don’t plan to adjust our forward quarters that call for high-single-digit growth ahead of industry expectations (which BRP b...BRP is engaged in the design, development, manufacturing, distribution and marketing of powersports vehicles and propulsion systems. Co's diversified portfolio of brands and products includes Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercraft ("PWCs"), Can-Am all-terrain vehicles ("ATVs"), side-by-side vehicles ("SSVs") and Spyder roadsters, and propulsion systems composed of Evinrude outboard engines and Rotax engines for jet boats, karts, motorcycles and recreational aircraft. Additionally, Co. supports its line of products with a dedicated PAC business.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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