Harley-Davidson FY24 HDMC Revenue Growth Outlook Flat to (9)%
Portfolio Pulse from Benzinga Newsdesk
Harley-Davidson projects a mixed financial outlook for FY24, with HDMC revenue expected to be flat or decrease by up to 9%, and operating income margin ranging from 12.6% to 13.6%. HDFS could see operating income increase by up to 5%. LiveWire anticipates selling 1,000 to 1,500 electric motorcycles but expects an operating loss of $115 to $125 million. The company plans to invest $225 to $250 million in capital expenditures.
February 08, 2024 | 12:00 pm
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Harley-Davidson's FY24 outlook indicates potential revenue decline in HDMC, slight growth in HDFS, significant losses in LiveWire, and substantial capital investments.
The mixed financial outlook, especially the potential revenue decline in HDMC and significant operating loss in LiveWire, could negatively impact investor sentiment towards HOG in the short term. The planned capital investments indicate a focus on future growth, but the immediate financial uncertainties and expected losses may outweigh the positive aspects in investors' eyes.
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