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Investing.com - Harley-Davidson Inc. (NYSE:HOG) reported first quarter earnings that surpassed analyst expectations, despite facing challenges in the U.S. retail market.
The iconic motorcycle manufacturer also announced the withdrawal of its full-year 2025 financial guidance due to global economic uncertainties.
For the first quarter of 2025, Harley-Davidson posted adjusted earnings per share of $1.07, exceeding the analyst consensus of $0.81 by $0.26. Revenue for the quarter came in at $1.33 billion, surpassing the estimated $1.11 billion.
However, the company reported that global motorcycle retail sales declined 21% YoY, attributed to a volatile macroeconomic environment and overall consumer uncertainty.
The company’s motorcycle segment revenue decreased 27% YoY, which Harley-Davidson stated was primarily due to a planned reduction in motorcycle shipments.
Despite these challenges, the company maintained a strong financial position, with an operating income margin of 10.8% for its motorcycle segment and 26.1% for its financial services division.
During the quarter, Harley-Davidson repurchased $87 million worth of shares, totaling 3.4 million shares.
The company also announced the withdrawal of its full-year 2025 financial outlook, citing uncertainties surrounding global tariffs and macroeconomic conditions.
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