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Harley-Davidson CEO Jochen Zeitz retiring as plummeting sales, tariffs slam motorcycle maker
New York Post· 2025-04-08 15:50
Company Overview - Jochen Zeitz plans to retire as CEO of Harley-Davidson in 2025 after a five-year tenure aimed at reviving the company amid declining demand [1][8] - Zeitz joined Harley's board in 2007 and became CEO in May 2020, previously known for reviving Puma's near-bankrupt business [1][8] Strategic Initiatives - The "Hardwire" strategy was launched in 2021 to connect with younger riders and address the aging customer base of baby boomers [2] - This five-year strategy focuses on high-margin products, exiting low-sales international markets, and modernizing the brand's appeal [3] Market Challenges - The motorcycle industry faces challenges such as higher interest rates and a consumer preference for smaller, more affordable bikes, which are not Harley's strengths [4] - Harley's forecast for 2025 indicates flat to down 5% profit and motorcycle revenue as consumers are cautious with big-ticket purchases [4] Investor Sentiment - Analysts express concerns about the lack of end-market demand, which undermines the turnaround plan and affects dealer and investor confidence [5] - Harley's shares have decreased by about 1% to $22.90, while they have risen over 11% since Zeitz took charge, compared to a 77% rise in the S&P index [8]
CEO Search Process Confirmed
Prnewswire· 2025-04-08 11:30
MILWAUKEE, April 8, 2025 /PRNewswire/ -- The Board of Directors of Harley-Davidson, Inc. (the "Company") (NYSE: HOG) today confirmed that it is engaged in an on-going CEO search process, as part of the Board's succession planning responsibilities. The search process was initiated in Q4 2024 with the retention of a leading executive search firm after Jochen Zeitz, the current CEO, expressed his interest in retiring from the Company in 2025 after five years in the CEO position, and subject to the appointment ...
HOG Struggles as EU Tariffs Hit Amid Trade War and Declining Sales
ZACKS· 2025-03-13 17:14
The trade war between the United States and the European Union (EU) is escalating, with the EU announcing €26 billion worth of retaliatory tariffs on American goods. This move comes shortly after the United States imposed 25% tariffs on steel and aluminum imports from the EU. Unlike before, the United States is not offering exemptions for products that are not available domestically.The EU’s countermeasures are set to take effect in two phases, on April 1 and April 13, and will affect primary American expor ...
Harley-Davidson, Inc. to Present at Citi's 2025 Global Consumer & Retail Conference
Prnewswire· 2025-03-10 23:17
Core Viewpoint - Harley-Davidson, Inc. will present at Citi's 2025 Global Consumer & Retail Conference, highlighting its ongoing engagement with investors and stakeholders [1] Company Background - Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services, aiming to lead the motorcycle industry through innovation and emotional connection [2] - The company has a vision of maintaining its status as the most desirable motorcycle brand globally, emphasizing a lifestyle that includes customizable motorcycles, experiences, accessories, and apparel [2] - Harley-Davidson Financial Services offers financing and insurance programs to support riders [2] - The company holds a controlling interest in LiveWire Group, Inc., the first publicly traded all-electric motorcycle company in the U.S., which aims to become the leading electric motorcycle brand [2]
Harley-Davidson, Inc. to Present at Bank of America 2025 Consumer & Retail Conference
Prnewswire· 2025-03-10 23:03
Core Viewpoint - Harley-Davidson, Inc. will present at the Bank of America Consumer & Retail Conference on March 12, 2025, discussing company insights and answering questions [1] Company Background - Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services, aiming to be the most desirable motorcycle brand globally [2] - The company has been defining motorcycle culture since 1903, offering customizable motorcycles, experiences, accessories, riding gear, and apparel [2] - Harley-Davidson Financial Services provides financing, insurance, and other programs to support riders [2] - The company holds a controlling interest in LiveWire Group, Inc., the first publicly traded all-electric motorcycle company in the U.S., focusing on urban adventure and electric motorcycle innovation [2]
Why Is Harley-Davidson (HOG) Down 4.7% Since Last Earnings Report?
ZACKS· 2025-03-07 17:36
It has been about a month since the last earnings report for Harley-Davidson (HOG) . Shares have lost about 4.7% in that time frame, outperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Harley-Davidson due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Harley-Davidson Q4 Loss Wider Than Expe ...
Harley-Davidson: Secular Decline And Market Share Deterioration Weaken Outlook
Seeking Alpha· 2025-03-04 15:55
Harley-Davidson, Inc. (NYSE: HOG ) manufactures and sells the infamous Harley-Davidson motorcycles and related parts, accessories, and apparel globally, generating sales across the globe. In 2024 , 63% of the company’s unit sales were in the United States, with EMEA, APAC, and CanadaI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identif ...
2 Stocks to Avoid in 2025
The Motley Fool· 2025-02-28 12:19
Group 1: Harley-Davidson - Harley-Davidson is facing significant challenges with a negative return of 23.8% over the last five years, compared to an S&P 500 gain of 85.1% [2] - Revenue declined 35% year over year in Q4 2024 to $688 million, with full-year 2024 revenue down 11% to $5.84 billion [2] - The motorcycle segment saw a 47% decline in revenue year over year in Q4, and total motorcycle shipments fell by 53% [2] - Total net income for 2024 was $445 million, marking a 35% decline year over year, with a loss of $118.43 million in Q4 [3] - Sales have been in relative decline since 2015, with 2015 being the highest-selling year since 2010 [4] - The 2025 outlook is bleak, with expectations for flat or down revenue by as much as 5%, and financing expected to decline by 10% to 15% [5] Group 2: Kraft Heinz - Kraft Heinz has struggled for years to achieve meaningful growth, with a 3% decline in net sales for full-year 2024 and a 2.2% decline in diluted earnings per share [6] - The company anticipates flat sales or a decline of up to 2.5% in 2025, with adjusted operating income expected to decrease by 1% to 4% [7] - Despite a 21% increase in net income in 2023, earnings declined in 2024, indicating challenges in sustaining profit growth from stagnant sales [8] - Over the last five years, Kraft Heinz has underperformed the market by 44%, lacking momentum for stock growth [9]
Harley-Davidson, Inc. To Present at Raymond James 46th Annual Institutional Investors Conference
Prnewswire· 2025-02-27 22:47
MILWAUKEE, Feb. 27, 2025 /PRNewswire/ -- Harley-Davidson, Inc. ("Company") (NYSE: HOG) announced today that it will present at the Raymond James 46th Annual Institutional Investors Conference at the JW Marriott Grande Lakes in Orlando, Florida on Wednesday, March 5, 2025, between 7:30 a.m. – 1:35 p.m. ET. Chief Financial Officer and President of Commercial Jonathan Root and Investor Relations Director Shawn Collins will present in one-on-one and group sessions, and answer questions about the Company. Compan ...
Harley-Davidson(HOG) - 2024 Q4 - Annual Report
2025-02-26 20:26
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9183 Harley-Davidson, Inc. (Exact name of registrant as specified in its charter) Wisconsin 39-1382325 (State of organization) (I.R.S. Employer Ide ...