Driven by strong U.S. bike sales, Harley-Davidson reports a 40% revenue increase

jsonline2022-02-09

Higher demand for its most expensive touring and cruiser motorcycles helped Harley-Davidson Inc. report a 40% revenue increase Tuesday.For the three-month period ended Dec. 31, Harley’s revenue rose ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Bull1973
2022-02-09
Bull1973
?
cactuspot
2022-02-09
cactuspot
🚀
CET 789
2022-02-09
CET 789
[smile] [smile] [smile]
RADIUMRAVEN2
2022-02-09
RADIUMRAVEN2
Interesting
US_watchlist
2022-02-09
US_watchlist
Please like and comment. Thanks

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1195710254?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-02-09 11:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1195710254","market":"us","top_or_hot":-1,"title":"Driven by strong U.S. bike sales, Harley-Davidson reports a 40% revenue increase","media":"jsonline","content":"<div>\n<p>Higher demand for its most expensive touring and cruiser motorcycles helped Harley-Davidson Inc. report a 40% revenue increase Tuesday.For the three-month period ended Dec. 31, Harley’s revenue rose ...</p>\n\n<a href=\"https://www.jsonline.com/story/money/business/2022/02/08/harley-davidson-reports-40-revenue-increase-strong-u-s-bike-sales/6702206001/\">Source Link</a>\n\n</div>\n","source":"lsy1644376342731","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Driven by strong U.S. bike sales, Harley-Davidson reports a 40% revenue increase</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDriven by strong U.S. bike sales, Harley-Davidson reports a 40% revenue increase\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-09 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.jsonline.com/story/money/business/2022/02/08/harley-davidson-reports-40-revenue-increase-strong-u-s-bike-sales/6702206001/><strong>jsonline</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Higher demand for its most expensive touring and cruiser motorcycles helped Harley-Davidson Inc. report a 40% revenue increase Tuesday.For the three-month period ended Dec. 31, Harley’s revenue rose ...</p>\n\n<a href=\"https://www.jsonline.com/story/money/business/2022/02/08/harley-davidson-reports-40-revenue-increase-strong-u-s-bike-sales/6702206001/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HOG","symbol_name":"哈雷戴维森","start_time":0,"source_url":"https://www.jsonline.com/story/money/business/2022/02/08/harley-davidson-reports-40-revenue-increase-strong-u-s-bike-sales/6702206001/","article_id":"1195710254","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1195710254","pubTimestamp":1644376266,"columns":[],"sourceInfo":{"source_id":"lsy1644376342731","name":"jsonline"},"weMediaInfo":null,"summary":"Higher demand for its most expensive touring and cruiser motorcycles helped Harley-Davidson Inc. rep","collect":0,"end_time":0,"defaultTopTitle":"jsonline.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HOG":"哈雷戴维森"},"translate_title":"受美国自行车销售强劲的推动，哈雷戴维森报告收入增长40%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HOG":0.9},"content_text":"Higher demand for its most expensive touring and cruiser motorcycles helped Harley-Davidson Inc. report a 40% revenue increase Tuesday.For the three-month period ended Dec. 31, Harley’s revenue rose to $1.02 billion from $725 million a year earlier. The company's profit climbed to $21.6 million, or 14 cents per share, from a loss of $96.4 million, or 63 cents per share, in the same quarter a year earlier.Analysts had expected Harley to post a loss in the recent quarter. Following the earnings announcement, the company's share price closed at $41.73, up more than 15%.Harley's results were “much better than expected,” analyst Joe Altobello with Raymond James said in a note.For the full year 2022, the company now said it expects revenue growth of 5% to 10% in its motorcycle division, but that it continues to be dogged by supply chain issues that have constrained manufacturing.\"It's a question of supply, not a question of demand,\" Jochen Zeitz, Harley's chairman, president and CEO said in a conference call with investor analysts.\"The supply chain issues are not going away. In fact, they intensify going into the year,\" Zeitz said.Harley has doubled down on some of its most expensive motorcycles, including three-wheel bikes, that have higher profit margins. The company has slashed its bike-model lineup by around 40% and has pulled out of poorly performing international markets in order to focus on North America, Europe, and some portions of the Asia-Pacific region.The goal is to be in markets where the company believes it can achieve growth with the most profitable bikes.The company's Pan America adventure touring bike, launched a year ago, has become the No. 1 selling bike in its category in North America, according to Harley.\"We continue to see the potential for Pan America across the globe, especially in Europe,\" Zeitz said.In the recent quarter, Harley’s bike sales in North America, its largest market, were up 8% from a year earlier. Worldwide, sales were up 2% with decreases in the Asia-Pacific, Latin America and EMEA (Europe, Middle East and Africa) regions.For the full year 2021, Harley reported a 32% revenue increase and a record $415 million in operating income from its financial services division that makes loans to motorcycle buyers. The company’s worldwide bike sales were up 8%, driven by a 22% increase in North America.“Harley-Davidson delivered a strong finish to the year,” Zeitz said.He has been Harley’s CEO since early 2020. Under his leadership, the company has slashed costs, culled dealerships, and replaced much of the previous management team.In December, Harley announced that its LiveWire electric motorcycle business would go public in a deal valued at nearly $1.8 billion.Last October, the company received good news when the European Union agreed to end a 31% tariff on U.S.-made motorcycles as part of a trade dispute settlement over steel and aluminum imports.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9096560903,"gmtCreate":1644421015499,"gmtModify":1676533924218,"author":{"id":"3584680402793671","authorId":"3584680402793671","name":"Bull1973","avatar":"https://static.tigerbbs.com/866d29bf88ff7363d121a5ccc6028aae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584680402793671","authorIdStr":"3584680402793671"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096560903","repostId":1195710254,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096647544,"gmtCreate":1644382490987,"gmtModify":1676533919853,"author":{"id":"3581837078692589","authorId":"3581837078692589","name":"cactuspot","avatar":"https://static.tigerbbs.com/94c3a8704d6c2ece9fce2b814d8c533a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581837078692589","authorIdStr":"3581837078692589"},"htmlText":"🚀","listText":"🚀","text":"🚀","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096647544","repostId":1195710254,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096641693,"gmtCreate":1644380979613,"gmtModify":1676533919640,"author":{"id":"3574846237438181","authorId":"3574846237438181","name":"CET 789","avatar":"https://static.tigerbbs.com/b2cd0cadf666af297bd51826081757be","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"3574846237438181","authorIdStr":"3574846237438181"},"htmlText":"[smile]&nbsp;[smile]&nbsp;[smile]&nbsp;","listText":"[smile]&nbsp;[smile]&nbsp;[smile]&nbsp;","text":"[smile] [smile] [smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096641693","repostId":1195710254,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096643877,"gmtCreate":1644380765167,"gmtModify":1676533919614,"author":{"id":"3572166664605203","authorId":"3572166664605203","name":"RADIUMRAVEN2","avatar":"https://static.tigerbbs.com/e8222f159ba8e100854da1cccbe72c1c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3572166664605203","authorIdStr":"3572166664605203"},"htmlText":"Interesting&nbsp;","listText":"Interesting&nbsp;","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096643877","repostId":1195710254,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096654813,"gmtCreate":1644379837395,"gmtModify":1676533919508,"author":{"id":"3581244873474125","authorId":"3581244873474125","name":"US_watchlist","avatar":"https://static.tigerbbs.com/c45e6bbe1cefb0fecde067a20b3c788f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581244873474125","authorIdStr":"3581244873474125"},"htmlText":"Please like and comment. Thanks","listText":"Please like and comment. Thanks","text":"Please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096654813","repostId":1195710254,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":79,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1195710254"}