HOG - Harley-Davidson EPS beats by $0.79 beats on revenue
Harley-Davidson (HOG): Q1 GAAP EPS of $1.68 beats by $0.79.Revenue of $1.42B (+9.2% Y/Y) beats by $160M.As a result of its Q1 performance, for the full-year 2021, the company now expects:Motorcycles segment revenue growth to be 30 to 35 percent, an increase from the previously communicated growth range of 20 to 25 percent.Motorcycles segment operating income margin of 7 to 9 percent, which is 200 basis points better than previous guidance. Assuming the company is not able to mitigate the additional EU tariffs to any extent in 2021, the company expects the operating income margin would be 5 to 7 percent, in line with original guidance.Financial Services segment operating income growth of 50 to 60 percent, an increase from the previously communicated range of 10 to 15 percent.Shares +2.5% PM.Press Release
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Harley-Davidson EPS beats by $0.79, beats on revenue