Overview

* Harley-Davidson ( HOG ) Q3 revenue rose 17%, beating analyst expectations

* Global motorcycle retail sales declined 6% amid soft demand and economic challenges

* Company announced $200 mln accelerated share repurchase agreement

Outlook

* Company continues to withhold full-year 2025 HDMC financial outlook due to global uncertainties

* Harley-Davidson ( HOG ) updates LiveWire operating loss guidance to $72-$77 mln

* Company announces $200 mln accelerated share repurchase agreement

Result Drivers

* HDFS TRANSACTION - Completion of HDFS transaction with KKR and PIMCO released over $1.2 bln in discretionary cash, transforming HDFS into a capital-light business

* SHIPMENT INCREASE - Global motorcycle shipments rose 33%, driving a 23% increase in HDMC revenue

* RETAIL SALES DECLINE - Global retail motorcycle sales fell 6% due to soft demand and economic challenges

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.34 $1 bln

Revenue bln (11

Analysts

)

Q3 EPS $3.10

Q3 Net $377 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 9 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the auto & truck manufacturers peer group is "buy."

* Wall Street's median 12-month price target for Harley-Davidson Inc ( HOG ) is $28.00, about 3.2% above its November 3 closing price of $27.11

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)