Harley-Davidson (HOG) Misses Q2 EPS by 3c

Harley-Davidson (NYSE: HOG) reported Q2 EPS of $1.22, $0.03 worse than the analyst estimate of $1.25. Revenue for the quarter came in at $1.45 billion versus the consensus estimate of $1.33 billion.

2023 Financial Outlook

For the full year 2023, the Company is revising its HDMC guidance and its LiveWire unit sales guidance and now expects:
•HDMC: revenue growth of flat to 3% and operating income margin of 13.9 to 14.3%
•LiveWire: motorcycle unit sales of 600–1,000
For the full year 2023, the Company reaffirms the following guidance and continues to expect:
•HDFS: operating income decline of 20 to 25%
•LiveWire: operating loss of $115 to $125 million
•Harley-Davidson, Inc.: capital investments of $225 to $250 million

For earnings history and earnings-related data on Harley-Davidson (HOG) click here.

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