Harley-Davidson is dropping some of its diversity, equity and inclusion efforts, according to a statement released Monday on X.The motorcycle company said it has stopped consulting the Human Rights Campaign's metric for treatment of LGBTQ+ employees, and that its sponsorship decisions will now be determined by the company and foundation, which will focus on "retaining our loyal riding community.""We do not have a DEI function today," and Harley-Davidson has not since April, according to the statement.Harley ...

Harley-Davidson released a statement on Monday renouncing DEI and other controversial company initiatives in the wake of social-media outrage and withering pressure from longtime loyal bikers. “It is critical to our business that we hire and retain the best talent and that all employees feel welcome,” the statement reads.”That said, we have not operated a DEI function since April 2024, and we do not have a DEI function today. We do not have hiring quotas and we no longer have supplier diversity spend goals. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Commission file number 1-9183 Harley-Davidson, Inc. FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated fi ...

Harley-Davidson TodayHOGHarley-Davidson$38.17 +0.37 (+0.98%) 52-Week Range$25.43▼$44.16Dividend Yield1.81%P/E Ratio8.48Price Target$45.14Add to WatchlistIconic motorcycle manufacturer Harley-Davidson Inc. NYSE: HOG juiced up its stock with a new $1 billion stock buyback program following its Q2 earnings report. The company reported strong top and bottom line performance, but its 2024 outlook was expectedly weak. A tough macroeconomic climate and softening consumer spending have been looming concerns that co ...

Financial Data and Key Metrics Changes - Consolidated revenue increased by 12% in Q2 2024, driven by a 13% growth at HDMC and a 10% growth at HDFS [6][21] - Earnings per share improved to $1.63, up 34% from $1.22 in the prior year [22] - Consolidated operating income was $241 million, up 9% year-over-year, with HDFS operating income increasing by 21% [6][21] Business Line Data and Key Metrics Changes - HDMC revenue grew by 13% in Q2, with motorcycle shipments up 16% compared to the previous year [25][21] - HDFS revenue increased by $23 million or 10%, driven by higher retail and commercial finance receivables [13][29] - LiveWire reported a triple-digit increase in branded unit sales compared to Q2 2023, although overall revenue for LiveWire declined by 25% [18][33] Market Data and Key Metrics Changes - Retail sales of new motorcycles in the U.S. were slightly positive year-over-year, while EMEA retail sales declined by 1% and Asia Pacific saw a 16% decline, primarily due to weakness in China [6][7] - North America, including Canada, experienced a 1% decline in retail sales, while Latin America remained flat [7] Company Strategy and Development Direction - The company is focusing on balancing retail and wholesale expectations, with a target to reduce dealer inventory by approximately 30% [8] - The Hardwire strategic pillar emphasizes profitability and product innovation, with a strong focus on touring motorcycles [9][17] - A commitment to invest in core categories and partnerships, such as with Hero, is highlighted as a path to success [10][12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of high interest rates on consumer discretionary spending but noted a positive retail performance in the U.S. [6] - The company expects retail units sold and wholesale shipments to balance by the end of 2024, with a revised guidance for revenue down 5% to 9% [36][37] - Management remains optimistic about the long-term growth potential and the positive reception of new products [16][17] Other Important Information - Harley-Davidson received an $89 million grant from the Department of Energy to support its York facility and EV motorcycle manufacturing [12] - The company announced a share repurchase plan of $1 billion through 2026, reflecting confidence in cash flow generation and long-term earnings power [39] Q&A Session Summary Question: What does guidance assume for retail in 2024? - Management expects retail guidance for the full year to be flat to up 3% [42] Question: Can you talk about the second half gross margin assumption? - Management indicated that gross margin pressure is expected to continue due to pricing and sales incentives, but operational expenses are being managed effectively [45][48] Question: How did retail trend over the course of the quarter? - Management noted that retail sales were consistent throughout Q2, with no negative trends observed [51] Question: What is the outlook for retail growth in the second half? - Management expressed confidence in retail growth for the second half, citing good inventory availability and positive consumer reactions [52][66] Question: How is the dealer network performing amid closures? - Management is refining the dealer network to ensure profitability and sustainability, with a focus on optimal distribution [67][69] Question: What gives confidence in continued innovation? - Management highlighted a multi-year product portfolio plan initiated in 2021, with significant upcoming innovations [71]

Fans attending the Homecoming Festival will be the first to experience and purchase exclusive items from this highly anticipated collection. Following the launch, additional styles will be available on Jelly Roll's official website and offered as merchandise on his tour, allowing fans nationwide to get their hands on these limited-edition pieces. The collection embodies the American, free-spirited lifestyle that Harley-Davidson represents, combined with Jelly Roll's raw, authentic style. Each piece is craft ...

Q2 2024 Results Thursday, July 25, 2024 Q2 2024 RESULTS – EARNINGS CALL Call Participants ▪ Jochen Zeitz, Chairman, President and CEO ▪ Jonathan Root, Chief Financial Officer ▪ Karim Donnez, CEO – LiveWire (NYSE: LVWR) ▪ Shawn Collins, Director Investor Relations 2 Q2 2024 PERFORMANCE HEADLINES • Delivered diluted EPS of $1.63 • HDMC operating income margin of 14.7% • North America motorcycle retail performance down 1%, while retail sales of Touring and CVO motorcycles up more than 12% in the U.S. • Touring ...

Harley-Davidson (HOG) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.99%. A quarter ago, it was expected that this motorcycle maker would post earnings of $1.48 per share when it actually produced earnings of $1.72, delivering a surprise of 16.22%.Over the last four quarters, the ...

MILWAUKEE, July 25, 2024 /PRNewswire/ -- Harley-Davidson, Inc. ("Harley-Davidson," "HDI," or the "Company"), (NYSE: HOG) today reported second quarter 2024 results."Despite a challenging market, we are pleased with our second quarter performance, in which we grew our U.S. market share in a declining market, with notable unit growth of more than 11 percent in the important core category of Touring1," said Jochen Zeitz, Chairman, President and CEO, Harley-Davidson. "We continue to be focused on executing our ...

FOR IMMEDIATE RELEASE Harley-Davidson Delivers Second Quarter Financial Results MILWAUKEE (July 25, 2024) – Harley-Davidson, Inc. ("Harley-Davidson," "HDI," or the "Company"), (NYSE: HOG) today reported second quarter 2024 results. "Despite a challenging market, we are pleased with our second quarter performance, in which we grew our U.S. market share in a declining market, with notable unit growth of more than 11 percent in the important core category of Touring ," said Jochen Zeitz, Chairman, President an ...