The Canadian Investor

The Long Awaited BoC Rate Cut is Here. Now What?

Jun 13, 2024

The podcast covers the recent Bank of Canada rate cut implications, Lululemon's Q1 earnings and international growth, Dollar Tree vs. Dollarama financial performance, Saputo's struggles, and BRP's financial challenges. The hosts also discuss personal stories, sports events, and market anticipation.

54:14

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Episode notes

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Quick takeaways

BRP experienced significant revenue decline and net loss, highlighting economic uncertainties.

Company revised revenue and EPS guidance downwards, emphasizing impact of economic conditions and higher rates.

Despite challenges, BRP maintains market leadership, showing confidence in growth potential and strategic positioning.

Deep dives

Decrease in Revenue and Earnings Impact BRP's Q4 Earnings

BRP reported a 16.4% decrease in revenue reaching $2 billion, leading to a net loss of $7.4 million compared to profits of $854 million. The US segment experienced a 6.5% revenue decline, while the international segment saw impressive 18% growth.

Intro

2min

Bank of Canada Rate Cut Implications

20min

Comparing Performance of Dollar Tree and Dollarama

9min

Lululemon's Q1 Earnings and International Growth

8min

Saputo's Struggles and BRP's Financial Performance

9min

Company Earnings Report and Market Anticipation

7min

In this episode of The Canadian Investor Podcast, we start the episode by going over the recent Bank of Canada rate cut, our key takeaways from the press conference and what it means for Canada going forward.

We then shift our focus to the earnings of Lululemon which had a quarter that had both some good and some bad and what it means for future growth. We talk about BRP’s massive drop in revenues and what it means for the company in the near to medium term. We also cover the earnings from Dollar Tree and discuss why it is not performing as well as Dollarama in Canada. Finally, we round out the episode by discussing the earnings from Saputo.

Ticker of stocks: SAP.TO, LULU, DOL.TO, DLTR, DOO.TO

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