Harley-Davidson Inc (NYSE:HOG) reported fourth-quarter fiscal 2023 HDMC + LiveWire sales of $807 million, missing the consensus of $880.22 million.
HDMC revenue was down 14% YoY due to lower volumes, where improved mix was offset by incentive spend. HDMC Global motorcycle shipments decreased 13% to 29,544, owing to prudent dealer inventory management and market conditions.
Consolidated revenue was down 8% YoY to $1.05 billion, driven by a revenue decline of 14% at HDMC, partially offset by revenue growth of 15% at HDFS.
HOG’s EPS was $0.18, down from $0.28 a year …