Harley-Davidson Posts Upbeat Second 2014 Quarter Earnings. Lowers Full-year Shipment Guidance.

harleystockShares of Harley-Davidson (NYSE: HOG) tumbled more than 2% in pre-market trading after the company cut its motorcycle shipments forecast for the full year.

Harley-Davidson posted its quarterly earnings of $354.2 million, or $1.62 per share, versus $271.7 million, or $1.21 per share, in the year-ago period. Its EPS surged 33.9% to $1.62 in the quarter. Its revenue climbed to $2.0 billion from $1.79 billion. However, analysts were expecting earnings of $1.46 per share on revenue of $1.834 billion.

Harley-Davidson’s dealers worldwide sold 90,218 motorcycles in the period, compared to 90,193 units in the year-earlier period. US sales fell to 58,225 units, versus 58,241 units. In international markets, dealers sold 31,993 new motorcycles, versus 31,952 motorcycles.

Harley-Davidson’s revenue from motorcycles climbed 16.2% to $1.48 billion, while revenue from motorcycle parts and accessories rose 0.7% to $271.6 million. Revenue from general merchandise declined 6.5% to $76.4 million.

Harley-Davidson, Inc. Chairman, President and Chief Executive Officer Keith Wandell said, “Harley-Davidson’s second-quarter results reflect the financial strength of the Company and brand, including the benefits of continuous improvement throughout our operation.” Harley-Davidson shares fell 2.36% to $65.50 in pre-market trading.

7 Responses to “Harley-Davidson Posts Upbeat Second 2014 Quarter Earnings. Lowers Full-year Shipment Guidance.”


  1. 1 Chris Johnston Jul 22nd, 2014 at 7:57 am

    The Rushmore bikes have so many issues. Too many recalls. Not surprised.

  2. 2 Bradshaw Jul 22nd, 2014 at 8:33 am

    Maybe a day to buy HOG stock.

  3. 3 takehikes Jul 22nd, 2014 at 8:35 am

    HD flat …..Polaris soaring…….music to my ears.
    Now if the metric guys would quit screwing around and focus……

  4. 4 Tobby Jul 22nd, 2014 at 10:30 am

    Investors not pleased. HOG stock down 6% on a day the market is up.

  5. 5 Joshua Jul 22nd, 2014 at 10:42 am

    I have a friend who owns a Rushmore touring. It’s problem after problem. Too many HD recalls. Buyers are nervous with the HD new models. I remember Cyril Huze writing about the projected US market share of Polaris versus Harley motorcycles. I guess he was right. I extend his projection. IIn 18 months, Indian & Victory together will have 10% of the US heavy cruisers market. Quote me on this.

  6. 6 Blackmax Jul 23rd, 2014 at 6:05 pm

    I have 3 friends / brothers / riding companions that have purchased
    2 Ultra’s (Water Heads) & 1 Street Glide Special …
    They LOVE them & there have been no problems so far
    But given the comments & the recalls , I agree with Joshua
    Too many things going wrong to make me part with my hard earned $$$$

  7. 7 hark Jul 28th, 2014 at 8:07 am

    Does anyone know how much of the money that is paid to the stock holders comes from Harley Owner Group membership.

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Cyril Huze