Harley-Davidson, Inc. reports developments across its motorcycle, rider-lifestyle and financing businesses. The company is the parent of Harley-Davidson Motor Company and Harley-Davidson Financial Services, with news commonly covering motorcycle retail sales, dealer inventory, shipments, accessories, riding gear, apparel collaborations and brand platforms such as RIDE.
Updates also cover the Back to the Bricks strategic plan, quarterly results, share repurchases, restructuring costs, HDFS financing activity and the company’s controlling interest in LiveWire Group. Coverage reflects the company’s mix of heavyweight motorcycles, customizable products, rider experiences, consumer finance, insurance programs and electric-motorcycle exposure.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Harley-Davidson reported a strong start to 2023 with Q1 revenue of $1.79 billion, marking a 20% increase year-over-year. The company achieved a diluted EPS of $2.04, up 41%. Harley-Davidson Motor Company (HDMC) revenue was $1.56 billion, a 21% rise, driven by increased wholesale shipments and favorable pricing. Operating income margin improved to 21.6%, a 4.6-point increase. However, Harley-Davidson Financial Services (HDFS) faced a 32% decline in operating income due to higher interest expenses. The company has reaffirmed its full-year outlook, forecasting HDMC revenue growth of 4-7% and HDFS operating income to decline between 20-25%.
Harley-Davidson (NYSE: HOG) has announced the upcoming debut of two new 2023 Custom Vehicle Operations (CVO) motorcycles, the CVO Street Glide and CVO Road Glide, set to premiere on June 7, 2023, during the Harley-Davidson Homecoming and 120th Anniversary events. These limited-production models feature significant visual and technological upgrades while preserving the heritage of the brand. Key enhancements include the new Milwaukee-Eight VVT 121 engine, an all-new infotainment system, and revamped suspension. According to Jochen Zeitz, Chairman and CEO, these models redefine the CVO category and elevate the Grand American Touring experience. The designs promise dramatic aesthetics with integrated lighting and modern silhouettes, showcasing Harley's commitment to innovation.