earnings
confidence high
sentiment negative
materiality 0.80
Harley-Davidson Q3 EPS $0.91, revenue down 26%; cuts FY2024 outlook
HARLEY-DAVIDSON, INC.
2024-Q3 EPS reported
$4.27
revenue$4,499,193,000
- Consolidated revenue $1.15B (-26% YoY); diluted EPS $0.91 vs $1.38 (-34%).
- HDMC revenue $876M (-32%) on 39% fewer shipments; gross margin 30.1% (down 1.6 pts).
- Global retail sales -13% (North America -10%, EMEA -23%, APAC -16%).
- HDFS operating income +29% to $77M on higher interest income and lower credit provisions.
- FY2024 guidance lowered: HDMC revenue -14% to -16%; HDMC op margin 7.5-8.5%; HDFS op income +5-10%.