© Reuters.
Harley-Davidson Inc (NYSE:). reported a lower-than-expected earnings per share (EPS) of $1.38 in their Q3 2023 Earnings Call, falling slightly short of the projected $1.39. The announcement was made during a discussion led by key company officials, including Shawn Collins, Investor Relations Director; CEO Jochen Zeitz; CFO Jonathan Root; and LiveWire CEO Karim Donnez.
CEO Jochen Zeitz highlighted the tough macroeconomic conditions as a major factor affecting the company’s performance. He noted that inflationary pressures and high-interest rates have been impacting customer purchasing power. These challenging conditions were further exacerbated by an unplanned production suspension which has resulted in delays for high-demand products and caused a shift in the North American inventory mix.
The company is now grappling with the consequences of these disruptions, as they navigate the complex landscape shaped by both internal and external factors. The Harley-Davidson team discussed anticipated future outcomes, as well as related business risks that might emerge from the current economic environment and production issues.
The motorcycle manufacturer’s earnings report comes amid a broader context of economic uncertainty, as businesses across various sectors grapple with similar challenges posed by inflation and interest rate hikes. Harley-Davidson’s experience underscores the ongoing impact of these macroeconomic headwinds on consumer-facing industries.
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