Blame Tariffs, BRP (NASDAQ: DOO) stock tumbles as tariff changes suspend guidance

BRP Inc (NASDAQ: DOO) shares fell 20% Wednesday after the company suspended its fiscal 2027 guidance following changes to U.S. tariff policies.

The powersports manufacturer withdrew its full-year outlook after Section 232 tariffs on steel, aluminum and copper imports into the U.S. were amended, effective April 6, 2026. The revision imposes a 25% tariff on the total value of imported snowmobiles and most off-road vehicle models, replacing the previous 50% tariff on applicable metal content only.

BRP estimates the tariff amendment will result in incremental costs exceeding $500 million for the remainder of the year before any mitigation measures.

“Like many manufacturers, we are operating in a highly volatile and unpredictable tariff environment that continues to create uncertainty across the market,” said Denis Le Vot, President and CEO of BRP.