HOG - Harley-Davidson soars after earning beat guidance lift

Harley-Davidson (HOG) trades higher after reporting a 9.0% jump in worldwide sales in Q1, led by a 30% jump for the North American business. Retail sales were down 36% in the EMEA region and off 59% for the Latin American business. Shipments came in 54,810 units vs. 54,700 consensus. U.S. shipments 40,153 vs. 33,183 consensus. Harley-Davidson says it will lodge a legal challenge to the European Union ruling that will levy a heavy import tariff on all the company’s products. CEO statement: "We can see the initial signs of consumer excitement and optimism returning and I am confident Harley-Davidson in 2021 is a significantly leaner, faster, and more efficient organization which is ready to win and successfully deliver on our 5-year Hardwire strategy, as the most desirable motorcycle brand in the world." Shares of Harley-Davidson are up 7.26% premarket to $43.41 in premarket trading. Dig deeper into the Q1 numbers.

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Harley-Davidson soars after earning beat, guidance lift