HARLEY-DAVIDSON Reports Q2 FY2023 Earnings on June 30th 2023

🌥️Earnings Overview

HARLEY-DAVIDSON ($NYSE:HOG) announced their financial results for Q2 of FY2023 on June 30 2023, with total revenue at USD 1445.5 million – a 1.6% decrease from the year before. Net income for the period was USD 178.0 million, which was 17.5% below the same period in the previous year.

Share Price

On Thursday, June 30th, 2023, HARLEY-DAVIDSON reported their second quarter FY2023 earnings, with the stock opening at $38.6 and closing at $37.7, a 0.1% increase from their previous closing price of $37.7. This increase reflects the sustained demand for HARLEY-DAVIDSON products despite a bleak economic climate. The company has also continued to focus on product innovation and technological advancement, introducing new models and features to further enhance customer experience and engagement. This strong performance is testament to the company’s commitment to innovation and customer satisfaction, which has enabled it to thrive despite the global economic uncertainty.

It is expected that HARLEY-DAVIDSON’s strong results will continue in the coming quarters, as the company remains well-positioned to benefit from the improving economic conditions across North America and Europe. Investors will be keenly watching the company’s performance in the upcoming quarters to gauge its future prospects. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Harley-davidson. More…

Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Harley-davidson. More…

Key Ratios Snapshot

Some of the financial key ratios for Harley-davidson are shown below. More…

Analysis

At GoodWhale, we have conducted an analysis of Harley-Davidson‘s wellbeing. Our Risk Rating has determined that Harley-Davidson is a medium risk investment in terms of financial and business aspects. When we looked deeper into the company’s financials, we discovered two risk warnings in the income sheet and balance sheet. If you would like to learn more about these warnings and receive a full report on our findings, please register with us. We are confident that our comprehensive analysis will provide you with valuable insight into how you should proceed with any potential investments in Harley-Davidson. More…

Peers

In the motorcycle industry, Harley-Davidson Inc faces competition from Polaris Inc, Lazydays Holdings Inc, and Motorcycle Holdings Ltd. Harley-Davidson has been the market leader for years, but its competitors are constantly trying to catch up.

– Polaris Inc ($NYSE:PII)

Polaris Inc is a American manufacturing company based in Minnesota. The company specializes in off-road vehicles, snowmobiles, motorcycles, and ATVs. Polaris is also a leading manufacturer of electric vehicles.

The company has a market cap of 5.52B as of 2022 and a ROE of 32.56%. Polaris has a long history of innovative and high-quality products that have made it a leader in the powersports industry. The company’s strong financials and commitment to innovation should continue to fuel growth in the years to come.

– Lazydays Holdings Inc ($NASDAQ:LAZY)

Lazydays Holdings Inc is a holding company that, through its subsidiaries, engages in the retail sale of recreational vehicles (RVs) and related services in the United States. It operates through two segments, RV Services and Sales, and RV Accessories and Supplies. The company was founded in 1976 and is headquartered in Englewood, Colorado.

As of 2022, Lazydays Holdings Inc had a market cap of 129.7 million and a return on equity of 41.96%. The company is engaged in the retail sale of recreational vehicles and related services in the United States.

– Motorcycle Holdings Ltd ($ASX:MTO)

Following a banner year in 2020, Harley-Davidson’s market cap has grown to $153.03M. The company’s ROE has also grown to 13.44%. Harley-Davidson is a leading manufacturer of motorcycles and related products and services. The company’s products and services are sold through a worldwide network of independent dealers and distributors.

Summary

HARLEY-DAVIDSON has released their Q2 earnings report for FY2023, revealing total revenue of USD 1445.5 million and net income of USD 178.0 million. This is a decrease of 1.6% and 17.5% respectively from the same period a year earlier. Investors may therefore want to take this into account when considering Harley-Davidson stocks.

For reference, their stock prices had been rising prior to the announcement but have since dropped by around 4%. Potential investors should consider all available data when making their decision and monitor the stock prices closely going forward.