Harley-Davidson Inc

HOG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Harley-Davidson Earnings: Weak Demand Environment Persists, Rendering Further Downside to Valuation

Jaime M Katz

Feb 5, 2025

A fourth-quarter sales decline of 35% and an operating margin loss of $193 million were driven by a 53% decline in shipments as consumer demand stalled. Continued hesitation in the retail environment sets up Harley-Davidson for another weak year of shipments and profitability in 2025.

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Harley-Davidson Inc

Harley-Davidson Earnings: Weak Demand Environment Persists, Rendering Further Downside to Valuation

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