BRP posts strong results in Q1, but North American retail sales dip

BRP reported stronger-than-expected first-quarter fiscal 2027 results, driven by higher off-road vehicle shipments, favorable product mix and disciplined inventory management. However, the company must still navigate ongoing tariff pressures.

BRP says that North American sales dropped 7% in Q1-FY27, mainly due to stronger snowmobile sales last year. The company says that sales would be up 2% in N.A., otherwise. (File photos: BRP)

The parent company of Can-Am, Sea-Doo, Ski-Doo and Lynx generated revenue of CA$2.39 billion during the quarter ended April 30, a 29.5% increase from the same period a year ago. Normalized EBITDA rose 66.5% to CA$334.4 million as gross margins improved and promotional activity eased compared with last year.
“We delivered Q1 financial results above expectations, driven by higher volumes, disciplined cost management, strong overall execution and a more favorable promotional environment,” says Denis Le Vot, president and CEO of BRP. “We also sustained our solid retail momentum across key ORV segments, as new product introductions in the second half of last year contributed to additional market share gains.”
For dealers, one of the most encouraging indicators was BRP’s continued focus on inventory discipline. During the earnings call, executives reported dealer inventory was down 3% year-over-year, reflecting what the company described as improved alignment between wholesale shipments and retail demand.