earnings
confidence high
sentiment negative
materiality 0.75
Harley-Davidson Q3 revenue down 6% to $1.55B; EPS $1.38 vs $1.78 YoY; global retail sales -16%
HARLEY-DAVIDSON, INC.
2023-Q3 EPS reported
$4.65
revenue$4,783,268,000
- Consolidated revenue $1,549M (-6% YoY); operating income $209M (-38%); diluted EPS $1.38 (-22%).
- HDMC shipments fell 20% to 45.3k units; revenue -9% to $1,297M; gross margin 31.7% (-2.7 pts).
- HDFS revenue +15% to $244M on higher interest income, but operating income -27% to $59M on higher credit loss provision.
- LiveWire operating loss $25M; Del Mar production underway; retail electric units to land in Q4.
- Company reaffirms FY2023 guidance: HDMC revenue flat to +3%, operating margin 13.9-14.3%, HDFS op income -20 to -25%.