Harley-Davidson CFO Says Global Consumer Has Taken A Pause For Big Ticket Consumer Discretionary Spend; Continue To Prioritize Availability, Inventory Of Touring, Soft Tail And Cvo Motorcycles; Expects Wholesale Shipments To Be Down 16% To 17 % For Full Year, Vs Previous Expectations Of Down 7% To 10%; Expects Retail And Wholesale To Be In The Range Of 149,000 To 153,000 Units; Expect Demand Environment To Continue In Q4
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Harley-Davidson's CFO announced a slowdown in global consumer spending on big-ticket items, leading to a revised forecast of a 16% to 17% decrease in wholesale shipments for the year. The company is focusing on maintaining inventory for specific motorcycle models and expects demand challenges to persist into Q4.
October 24, 2024 | 1:31 pm
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Harley-Davidson revises its forecast, expecting a 16-17% drop in wholesale shipments for the year due to a slowdown in consumer spending. The company is prioritizing inventory for key motorcycle models.
The announcement of a significant reduction in expected wholesale shipments indicates a challenging demand environment, likely leading to negative short-term impacts on Harley-Davidson's stock price. The focus on inventory management suggests strategic adjustments to cope with reduced demand.
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