super jili 777 login register
Prue Leith says TV executives should be tougher on presenters like Gregg WallaceWith 13 newcomers, South Carolina Senate may tackle tough issues
BRP Inc. executives said the Ski-Doo maker needs to stay calm in the face of tariffs proposed by U.S. president-elect Donald Trump — tariffs that could hurt a manufacturer that depends on Mexican production. "I don't think we should overreact right now," chief financial officer Sébastien Martel told analysts on a conference call Friday. "We should not speculate too much, because there are hundreds of different possibilities." Last month, the incoming president threw markets into turmoil when he threatened to slap a 25 per cent tariff on all products entering the U.S. from Canada and Mexico. Trump also proposed a 10 per cent tariff on Chinese imports. Some 70 per cent of BRP's production stems from Mexico, Martel said. The company also churns out Ski-Doo snowmobiles and some of its Can-Am three-wheeled motorcycles at a factory in Valcourt, Que. He stressed the advantage of Mexico's lower labour costs as well as its skilled workforce and the benefits of a North American free trade agreement. "We believe we would not be the same company had we not had that footprint in Mexico," Martel said. Roughly 10 per cent of BRP's goods are sourced from China, Martel noted, adding that those parts are "less technically complex." "There are parts that we could easily transfer to another supplier," he said. "Obviously, it would require work." Many observers have framed Trump's tariff threat as a gambit to gain negotiating leverage, rather than an announcement set in stone. "We are used to dealing with evolving trade agreements and have always succeeded in finding solutions to new tariffs," said CEO José Boisjoli. National Bank analyst Cameron Doerksen said the "uncertainty on this issue" remains a problem. "With the return of the Trump administration, the risk of tariffs on powersports imports into the U.S. market has risen materially, with BRP potentially vulnerable," he said in a note to investors. The uncertainty over tariffs could hardly come at a worse time for the company. BRP saw earnings plunge across all product lines amid dropping demand last quarter, capping off a tough year for the recreational vehicle manufacturer. Net income at the Sea-Doo maker fell 70 per cent year-over-year to $27.3 million in the quarter ended Oct. 31. Third-quarter revenue decreased 17 per cent to $1.96 billion. "Our retail performance was as anticipated, reflecting a challenging market dynamic due to soft industry trends," Boisjoli said, stating that discounts from competitors added to the company's woes. A slow start to the snowmobile season has not helped either. "The snow is a bit late, but now it’s catching up. And we expect good retail this season," Boisjoli said, adding that Ski-Doo sales over the next three months remain a "big question." After an urge for outdoor activity sparked a sales boom during the COVID-19 pandemic, buyers responded to inflation and interest rate hikes by pulling back from pricey recreational purchases. BRP's revenues have fallen year-over-year for eight straight quarters. Last month, the company laid off more than 120 employees in its home province of Quebec. The cuts followed some 1,150 layoffs across North America earlier this year, leaving it with roughly 20,000 workers globally. In October, BRP put its marine businesses up for sale as it looks to focus on powersports products and cut the cable to its money-losing boat brands. Nonetheless, its diluted earnings of $1.16 per share beat analysts' expectations of 69 cents, according to financial markets firm LSEG Data & Analytics. The performance boosted BRP's stock price seven per cent; it closed at $72.75 on the Toronto Stock Exchange on Friday. The company forecast that sales of seasonal products such as Ski-Doos and Sea-Doos will fall by more than 30 per cent this year. The category accounted for a third of BRP revenues last quarter. It predicted sales of all-terrain vehicles and other year-round products — comprising more than half of revenue in the quarter — will drop by more than 20 per cent. This report by The Canadian Press was first published Dec. 6, 2024. Companies in this story: (TSX:DOO) Christopher Reynolds, The Canadian PressNone
Vikings staying on track and in control behind Sam Darnold's composure and confidence
Games Workshop is now worth £4.6billion with shares rising by almost 50 per cent in the past year( MENAFN - Gulf Times) Elon Musk defended his support for Germany's far-right AfD party in an opinion piece in the Welt am Sonntag newspaper on Saturday, prompting a senior editor to resign. The world's richest man doubled down on his comments from December 20 that“only the AfD can save Germany”, writing that the anti-immigration AfD was the“last ray of hope for the country” at the“brink of cultural and economic collapse”. Despite various branches of the AfD being labelled“extremist” by Germany's domestic security agency, Musk said the AfD's classification as far-right was“clearly false” as party leader Alice Weidel“has a partner from Sri Lanka”. With Musk set to play a key role in US President-elect Donald Trump's administration, the billionaire's interventions have triggered accusations of meddling in Germany's democracy. The country is set to head to the polls on February 23, with the AfD polling at around 19* of the vote. Musk's guest opinion piece in the Welt am Sonntag provoked outraged reactions and the resignation of the conservative title's opinion editor. “Today a piece by Elon Musk appeared in the Welt am Sonntag. Yesterday I handed in my resignation after it went to print,” Eva Marie Kogel wrote on the X social media platform Musk owns. Meanwhile the Greens' campaign director Andreas Audretsch wrote:“We must not allow the Elon Musks of this world, the Chinese state or Russian troll factories to undermine our democracies in Europe.” The Association of German Journalists (DJV) protested against the“election advertising” allowed by the newspaper's editorial staff. “The German media must not allow itself to be manipulated into acting as a mouthpiece for autocrats and their friends,” said DJV leader Mika Beuster. Even the *Welt's new editor-in-chief Jan Philipp Burgard was compelled to disagree with Musk in the opinion piece, writing:“Even a genius can be wrong”. Arguing that the AfD“is a danger to our values and our economy”, Burgard pointed out that Bjoern Hoecke, the AfD's leader in Thuringia state,“has been convicted several times for using a banned Nazi slogan”. *Die Welt belongs to Axel Springer, Germany's most influential press group. Its lineup includes the Bild tabloid, the country's most-read newspaper. MENAFN28122024000067011011ID1109038237 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.Shoppers despair as Easter eggs found on supermarket shelves in December
- Previous:
- Next: super jili slot casino
