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[1/4] Harley-Davidson motorcycles are seen at a dealership in Queens, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCompanies Harley-Davidson Inc FollowOct 26 (Reuters) - Harley-Davidson Inc (HOG.N) on Thursday reported a 24% fall in third-quarter profit as customers cut back on discretionary spending due to higher borrowing costs and inflationary pressures. Harley has maintained margin growth through its wealthier customer base, but hasn't been as successful in luring younger riders. Sales from motorcycles and related products fell about 9% to $1.30 billion in the quarter ended Sept. 30. Earnings per share tracked by analysts came in at $1.38 per share in the third-quarter, slightly above expectations of $1.36.

Persons: Harley, Davidson, Andrew Kelly, hasn't, Baird, Kannaki, Bianca Flowers, Sriraj Kalluvila Organizations: REUTERS, Davidson, Harley, Polaris Inc, Global, Thomson Locations: Queens , New York City, U.S, North America, Bengaluru, Chicago

Companies Harley-Davidson Inc FollowJuly 27 (Reuters) - Harley-Davidson Inc. (HOG.N) revised its sales outlook for the year after profit fell 17.5% in the second quarter as a suspension of production hit motorcycle shipments, the company said on Thursday. The 120-year old manufacturer revised its full-year revenue target and is anticipating sales growth of flat to 3% from its previous forecast of 4-7%. Net profit fell to $178 million, or $1.22 per share, in the second quarter, from $215.9 million, or $1.46 per share, a year earlier. Sales from motorcycles and related products fell about 4.4% to $1.19 billion in the quarter, which ended June 30. The company's financial services division saw a 19% increase in revenue growth but operating income was down 31% from the year prior.

Persons: Harley, Bianca Flowers, Sriraj, Conor Humphries Organizations: Davidson, Harley, Davidson Inc, . Company, Thomson Locations: York, Pennsylvania, Chicago, Bengaluru

Companies Harley-Davidson Inc FollowJune 8 (Reuters) - Motorcycle maker Harley-Davidson (HOG.N) has temporarily halted production at its York, Pennsylvania, assembly plant for the second time in just over 12 months due to a parts shortage, the company said. Production at the facility, its largest with nearly 1,000 union employees, will resume on June 13, it noted in an emailed statement. Harley-Davidson did not specify the parts involved. Production was halted in May 2022 due to a brake hose problem from a third-party supplier, the company said later. Reporting by Aishwarya Nair in Bengaluru and Bianca Flowers in Chicago; Editing by Anil D'Silva and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Davidson, Harley, Aishwarya Nair, Bianca Flowers, Anil D'Silva, Richard Chang Organizations: Davidson, Harley, Thomson Locations: York, Pennsylvania, North America, Bengaluru, Chicago

☆ Harley quarterly profit rises 37%
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: 1 min

Companies Harley-Davidson Inc FollowApril 27 (Reuters) - Harley-Davidson Inc (HOG.N) reported a near 37% rise in quarterly profit on Thursday as higher prices for its popular models failed to dent demand. Shares for the Milwaukee-based manufacturer were up 6.8% at $34.9 in premarket trading. The motorcycle maker implemented a series of price hikes in the past two years for its popular Trike, Cruiser and Touring models to help offset higher raw material and logistics costs in the face of rising inflation. Sales from motorcycles and related products rose 21% to $1.56 billionNet profit rose to $304 million, or $2.04 per share, in the first quarter, from $222.5 million, or $1.45 per share, a year earlier. Reporting by Kannaki Deka in Bengaluru and Bianca Flowers in ChicagoOur Standards: The Thomson Reuters Trust Principles.

☆ Wall St surges as inflation, labor data raise Fed pause hopes
▼ + stars: | 2023-04-13 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Data released before the bell showed a steeper-than-expected cooldown in producer prices and new claims for jobless benefits coming in above consensus. Both signal that the Fed's hawkish barrage of rate hikes, which began over a year ago, is working as intended. Analysts expect aggregate first-quarter S&P 500 earnings to come in 5.2% below the year-ago quarter, a stark reversal from the 1.4% year-on-year growth seen at the beginning of the quarter, according to Refinitiv. Among the 11 major sectors of the S&P 500, communication services (.SPLRCL) was up the most, while industrials (.SPLRCI) and materials (.SPLRCM), outperformers in recent sessions, suffered the steepest percentage declines. The S&P 500 posted eight new 52-week highs and one new low; the Nasdaq Composite recorded 58 new highs and 121 new lows.

A Labor Department report showed producer prices unexpectedly fell in March as the cost of gasoline declined, and there were signs that underlying producer inflation was subsiding. The benchmark S&P 500 (.SPX) has traded in a tight range this month, having recovered from a selloff in March fueled by the recent banking crisis, as investors assessed the path for U.S. interest rates. Wall Street closed lower on Wednesday after data showed consumer prices rose at a slower-than-expected pace in March, however, core prices remained sticky and supported the case for another 25-basis point rate hike by the Fed in May. Communication services (.SPLRCL), consumer discretionary (.SPLRCD) and technology shares (.SPLRCT) led the gains among major S&P 500 (.SPX) sector indexes, while economy-sensitive stocks such as industrials (.SPLRCI) were among the worst hit. Financial companies that are part of the S&P 500 are expected to report a profit growth of 4.3% in the first quarter.

A Labor Department report showed producer prices rose 2.7% in March, on a year-over-year basis, below economists' estimates of a 3% rise. The dollar and Treasury yields slid as investors mostly stuck to expectations of the 25-bps hike after Thursday's data. Analysts expect S&P 500 companies to record a profit decline of 5.2% in the first quarter, as per Refinitiv IBES data, in what could be their worst showing since the third quarter of 2020. Financial companies that are part of the S&P 500 are expected to report a profit growth of 4.3% in the first quarter. ET, Dow e-minis were up 62 points, or 0.18%, S&P 500 e-minis were up 12.5 points, or 0.30%, and Nasdaq 100 e-minis were up 60.75 points, or 0.47%.

Following a selloff in March due to the banking crisis, the benchmark S&P 500 (.SPX) has traded in tight ranges this month as investors assessed the path for U.S. interest rates following strong jobs data and signs of cooling inflation. ET (1230 GMT) is expected to show producer prices barely rose in March on a month-on-month basis, following a 0.1% contraction in February. Meanwhile, another set of data is also expected to show weekly jobless claims rose 232,000 in the week ended April 8, higher than the 228,000 claims filed a week earlier. Financial companies that are part of the S&P 500 are expected to report a profit growth of 4.3% in the first quarter. ET, Dow e-minis were down 4 points, or 0.01%, S&P 500 e-minis were up 3.75 points, or 0.09%, and Nasdaq 100 e-minis were up 30.5 points, or 0.24%.

A Labor Department report showed producer prices unexpectedly fell in March as the cost of gasoline declined, and there were signs that underlying producer inflation was subsiding. Jobless claims were also favorable news for the Fed," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. Wall Street closed lower on Wednesday after data showed consumer prices rose at a slower-than-expected pace in March, however, core prices remained sticky and supported the case for another 25-basis point rate hike by the Fed in May. Analysts expect S&P 500 companies to record a profit decline of 5.2% in the first quarter, as per Refinitiv IBES data, in what could be their worst showing since the third quarter of 2020. Financial companies that are part of the S&P 500 are expected to report a profit growth of 4.3% in the first quarter.

☆ Futures climb ahead of fresh inflation data
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +2 min

Wall Street closed lower on Wednesday after data showed consumer prices rose at a slower-than-expected pace in March, although core prices remained sticky, supporting the case for another 25-basis point rate hike by the Fed in May. ET (1230 GMT) is expected to show producer prices barely rose in March on a month-on-month basis, following a 0.1% contraction in February. Analysts expect S&P 500 companies to record a profit decline of 5.2% in the first quarter, according to Refinitiv IBES data, in what could be their worst showing since the third quarter of 2020. Financial companies that are part of the S&P 500 are expected to report a profit growth of 4.3% in the first quarter. ET, Dow e-minis were up 44 points, or 0.13%, S&P 500 e-minis were up 9.75 points, or 0.24%, and Nasdaq 100 e-minis were up 48.25 points, or 0.37%.

April 12 (Reuters) - Motorcycle maker Harley-Davidson Inc (HOG.N) said on Wednesday Chief Financial Officer Gina Goetter was leaving the company at the end of April, and toymaker Hasbro Inc (HAS.O) said she would take over as its finance chief. Harley issued a statement saying that Vice President, Treasurer David Viney will serve as interim CFO after Goetter's departure on April 28. Shares of the company were down 2.8% in extended trading after falling more than 6% on Wednesday. After cutting hundreds of jobs in 2020, Harley has either beaten or met Wall Street earnings forecasts in recent years, while navigating high inflation and supply chain constraints. Hasbro said Goetter will assume the role as CFO on May 18, succeeding Deborah Thomas at the company that makes Transformers action figures.

April 12 (Reuters) - Motorcycle maker Harley-Davidson Inc (HOG.N) said on Wednesday Chief Financial Officer Gina Goetter was leaving the company at the end of April to pursue another job. The Milwaukee-based company said Vice President David Viney will take over as interim CFO after Goetter's departure on April 28. Shares of the company fell 6.3% in extended trading. Before joining Harley, Goetter held top finance roles at meat company Tyson Foods Inc (TSN.N) and cereal maker General Mills Inc. (GIS.N)The company did not respond to a request for additional information. After cutting hundreds of jobs in 2020, Harley has either beaten or met Wall Street earnings forecasts in recent years.

☆ Harley-Davidson Earnings Boosted by Higher Shipments
▼ + stars: | 2023-02-02 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Harley-Davidson said it expects revenue for its motorcycle-making segment to rise 4% to 7% in 2023. Harley-Davidson Inc. posted higher revenue in the fourth quarter as the company shipped out more of its bikes and continued to bounce back from a production pause earlier last year. The Milwaukee-based motorcycle company said Thursday that global shipments rose 18% from a year before, sending total revenue up 12% to $1.14 billion, above analysts’ expectations of $917.8 million.

[1/3] A biker rides his Harley-Davidson during a parade at the "Hamburg Harley Days" in Hamburg, Germany, June 24, 2018. Shares in the U.S. company rose 8.3%. Harley-Davidson said it expects revenue from its motorcycle business to grow in 2023. Global motorcycle shipments rose to 34,000 from 28,900 a year ago. The company's net profit rose to $39.7 million, or $0.28 cents per share, in the quarter ended Dec. 31, outpacing forecasts of 6 cents per share.

☆ Harley-Davidson’s Electric Motorcycles Struggle to Connect With Investors
▼ + stars: | 2022-10-31 | by ( Bob Tita | ) www.wsj.com time to read: 1 min

A Harley-Davidson’s LiveWire on the floor of the New York Stock Exchange in September, when the electric-motorcycle brand became a public company. Harley-Davidson Inc.’s LiveWire subsidiary is off to a rough start as a public company, as its electric motorcycles struggle to attract riders and investors. Shares of LiveWire Group Inc. have fallen about 15% since the merger in late September with a special-purpose acquisition company, or SPAC. The deal yielded about half the cash proceeds Harley anticipated, with most of the SPAC investors withdrawing their money rather than holding LiveWire shares after the deal went through, according to a regulatory filing.

☆ CFOs Detail Plans to Manage Inflation, Shifts in Consumer Demand
▼ + stars: | 2022-10-28 | by ( Kristin Broughton | ) www.wsj.com time to read: +7 min

Ian Borden, McDonald’s CFO Photo: McDonald'sThere are really a couple of drivers for this year that resulted in that adjusted outlook. I think what I would say, coming into the role, is certainly it’s an area that I’m going to be focused on. But so far, we’ve seen [a] continued strong impact on our recommendations products from advancing developments in our AI work. We do expect that to be considerably higher than what we’ve seen in the past, reflecting the inflation that we’re dealing with across the business. When we talk about the impact of inflation, it is not just a domestic impact, it’s international as well.

☆ Harley profit rises as pent-up demand fuels improved shipments
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

Oct 26 (Reuters) - Harley-Davidson Inc (HOG.N) reported a 60% jump in quarterly profit on Wednesday as higher shipments and strong pricing allowed the 119-year-old motorcycle maker to navigate cost inflation. Harley has doubled down on its production targets to make up for a two-week shutdown that suspended bike shipments in mid-May. Last month, the company spun off its electric motorcycle division in a SPAC deal and retained a 74% stake in the newly listed firm. Net profit rose to $261 million, or $1.78 per share, in the third quarter ended Sept. 25, from $163 million, or $1.05 per share, a year earlier. Reporting by Aishwarya Nair in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Harley-Davidson spins off LiveWire in $1.8 billion SPAC merger
▼ + stars: | 2022-09-27 | by ( Bianca Flowers | ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterElectric motorcycles by Harley-Davidson and LiveWire are seen at a Harley-Davidson dealership in Queens, New York City, U.S., February 7, 2022. REUTERS/Andrew KellySept 27 (Reuters) - Harley-Davidson Inc (HOG.N) on Tuesday spun off its electric motorcycle division, LiveWire, in a SPAC deal creating the first publicly traded electric motorcycle company in the United States. New shares of LiveWire Group Inc , Harley-Davidson's former electric motorcycle subsidiary, were up 1.5% in their U.S. market debut on Tuesday following the unit's $1.77 billion merger with a blank-check firm. Harley released its first electric motorbike, the LiveWire, in 2019 before deciding to relaunch the bike as its own sub-brand. Register now for FREE unlimited access to Reuters.com RegisterReporting by Bianca Flowers in Chicago and Aishwarya Nair in Bengaluru; Editing by Maju Samuel and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

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