HOG - Harley-Davidson GAAP EPS of $1.46 beats by $0.39 revenue of $1.47B beats by $230M

• Harley-Davidson press release ( NYSE: HOG ): Q2 GAAP EPS of $1.46 beats by $0.39 .
• Revenue of $1.47B (-3.9% Y/Y) beats by $230M .
• Consolidated revenue was down 4 percent in the second quarter versus Q2 2021 driven primarily by HDMC revenue down 5 percent. The revenue decline was driven by the production suspension in the second half of May.
• Shares +2.4% PM.
• Global motorcycle shipments were adversely impacted (down 15 percent in Q2) by the approximately two-week production suspension caused by a regulatory compliance matter at a third-party supplier

• For the full year 2022, the Company reaffirms its initial guidance and continues to expect:

  • HDMC revenue growth of 5 to 10%
  • HDMC operating income margin of 11 to 12%
  • HDFS operating income to decline by 20 to 25%
  • Capital investments of $190 million to $220 million

For further details see: