earnings
confidence high
sentiment neutral
materiality 0.75
Harley-Davidson Q1 revenue up 20% to $1.79B; diluted EPS $2.04 (+41%)
HARLEY-DAVIDSON, INC.
2023-Q1 EPS reported
$2.04
revenue$1,788,686,000
- Consolidated revenue $1,789M (+20% YoY); diluted EPS $2.04 (+41%); operating income $370M (+28%).
- HDMC revenue +21% to $1,558M; operating margin 21.6% (+4.6 pts); wholesale shipments +14% to 62.2k units.
- Global retail sales -12% YoY to 39.4k units; North America -17%, Asia Pacific +3%.
- HDFS operating income -32% to $58M on higher interest expense and credit losses.
- Reaffirms FY2023 outlook: HDMC revenue growth 4-7%, OI margin 14.1-14.6%; HDFS OI decline 20-25%.