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