Harley-Davidson Revises FY24 Guidance
Portfolio Pulse from Benzinga Newsdesk
Harley-Davidson has revised its FY24 guidance, expecting HDMC revenue to decline by 5-9% and an operating income margin of 10.6-11.6%. HDFS operating income is expected to be flat to up 5%, while LiveWire sales are projected at 1,000-1,500 units with an operating loss of $105-115 million. Capital investments are estimated at $225-250 million.
July 25, 2024 | 11:02 am
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Harley-Davidson has revised its FY24 guidance, indicating a decline in HDMC revenue by 5-9% and an operating income margin of 10.6-11.6%. HDFS operating income is expected to be flat to up 5%, while LiveWire sales are projected at 1,000-1,500 units with an operating loss of $105-115 million. Capital investments are estimated at $225-250 million.
The revised guidance indicates a decline in HDMC revenue and a significant operating loss for LiveWire, which could negatively impact investor sentiment and short-term stock price. However, stable to slightly positive HDFS operating income and planned capital investments may provide some support.
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