Harley-Davidson offers signs of stabilization of a business that has been struggling globally. Revenue from motorcycles and related products rose 2.7 percent to $1.36 billion in the first quarter ended April 1, compared with analysts’ average estimate of $1.23 billion.
Harley, which commands about half of the U.S. big-bike market, has seen its U.S. market share erode in recent years as it grapples with an aging customer base, weak demand from younger buyers and discounts offered by rivals.
Harley said it shipped 63,944 motorcycles in the quarter, down 9.7 percent from a year earlier, while it reiterated shipments of between 231,000 and 236,000 motorcycles in 2018. For the current quarter, it expects to ship about 67,500 to 72,500 motorcycles, down from 81,807 units a year earlier.
The Milwaukee, Wisconsin-based company said its net income fell to $174.8 million, or $1.03 per share, in the first quarter ended April 1, from $186.4 million, or $1.05 per share, a year earlier.
Hopefully a good sign that the future is looking better…
Lower your standards, raise your average.
So great news they came out above there estimate but are down over 9% from last year? Not a rolex rider so I may need some of you “sitting in you underwear in mom’s basement guys” to explain this to me… isn’t this lie 5 or 6 quarters that HD has been down? Maybe who ever does the estimates is fudging the numbers?
sorry Their
looks like a touring dyna sheet with Bigshot exh
Can it be a coincidence that an upturn in some figures (albeit still marginal – it does beat the nauseating sensation of presenting financials in free-fall), follows hot on the heels of the complete overhaul (pun intended), of the HD big twins (over-and-above the touring ones)?
I think not. Me thinks many dealers are now desperately trying to clear their showrooms of thoroughly antiquated circa ’17 TC’s. Once the hardcore (faux and otherwise) have figured that the “new” Softail is anything but that, that the ol’ whobbly Dyna is just that and the aftermarket finally catches up (particularly State-side), I scheme the figures will start to make like upwards standing little green arrows…
DYNO
let’s not get crazy now? it’s 1 (single) quarter, beating an earnings estimate that was “questionable/sandbagged” to begin with.
let see consecutive quarters of growth, numbers in the green, and consistent quality product.
that is how respect is earned…like the MoCo did it “back in the day.”
the new regime…meh.
Rebel……LOL!!
Better days.