XRT - Harley-Davidson: No Easy Ride
Iconic motorcycle-maker Harley-Davidson’s (NYSE: HOG) stock declined further Tuesday after unveiling hefty losses in worldwide sales.
HOG noted that revenue from its motorcycles segment was down in the first quarter behind lower shipments, and attributed part of the decrease in its operating income to an unfavorable product mix and increased tariffs.
The Milwaukee-based company suffered lower retail revenues across its entire geographical footprint, underscored by a 26.8% year-on-year drop in income in the first quarter of 2019 and a 10.4% fall in consolidated revenue.
The company’s Q1’19 results spurred U.S. President Donald Trump to