The earnings call highlighted strong performance in specific segments such as touring and HDFS, but was overshadowed by significant challenges including declines in global retail sales, overall revenue, and operating margins. The company also revised its full-year outlook downwards, indicating ongoing difficulties in the market.

Company Guidance

During the Harley-Davidson Q3 2024 earnings call, the company revised its full-year guidance due to lower-than-expected retail demand. Global retail sales of new motorcycles declined by 13%, with North America experiencing a 10% drop, while international regions saw an 18% decrease. Specifically, the U.S. market was down 1% by the end of Q3, outperforming the overall motorcycle industry. The company reduced dealer inventory by 13% from Q2 and aims for a further 20% reduction by year-end. LiveWire, Harley-Davidson's electric vehicle segment, held a 69% market share in the 50-plus HP on-road EV segment year-to-date, but revised its full-year guidance to 600-1,000 motorcycle units. Harley-Davidson Financial Services (HDFS) saw a 10% increase in revenue and a 29% rise in operating income for the quarter. For the full year, Harley-Davidson now expects retail and wholesale units in the range of 149,000 to 153,000, with HDMC revenue down 14% to 16% and operating income margin between 7.5% and 8.5%.

Touring Segment Performance

In the U.S., the touring segment was up almost 10%, gaining more than 4 percentage points of market share.

Harley-Davidson Financial Services (HDFS) Growth

HDFS reported a 10% increase in revenue and a 29% increase in operating income for Q3 2024, driven by higher retail and commercial finance receivables.

LiveWire Market Leadership

LiveWire maintained its leadership in the 50-plus HP on-road electric vehicle segment in the U.S. with 69% market share year-to-date.

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Harley-Davidson (HOG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HOG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 04, 2025	2024 (Q4)	-0.65 / -	0.18	―	―	―
Oct 24, 2024	2024 (Q3)	0.81 / 0.91	1.38	-34.06% (-0.47)
Jul 25, 2024	2024 (Q2)	1.41 / 1.63	1.22	33.61% (+0.41)
Apr 25, 2024	2024 (Q1)	1.51 / 1.72	2.04	-15.69% (-0.32)
Feb 08, 2024	2023 (Q4)	0.04 / 0.18	0.28	-35.71% (-0.10)
Oct 26, 2023	2023 (Q3)	1.35 / 1.38	1.78	-22.47% (-0.40)
Jul 27, 2023	2023 (Q2)	1.24 / 1.22	1.46	-16.44% (-0.24)
Apr 27, 2023	2023 (Q1)	1.39 / 2.04	1.45	40.69% (+0.59)
Feb 02, 2023	2022 (Q4)	0.07 / 0.28	0.15	86.67% (+0.13)
Oct 26, 2022	2022 (Q3)	1.40 / 1.78	1.18	50.85% (+0.60)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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HOG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 24, 2024	$33.95	$31.51	-7.19%
Jul 25, 2024	$33.54	$36.04	+7.45%
Apr 25, 2024	$38.86	$32.74	-15.75%
Feb 08, 2024	$33.87	$34.24	+1.09%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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