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I believe that HD has had a rough couple of years lately because Millenials are NOT into riding, or the HD image.
From The Wall Street Journal:
From The Wall Street Journal:
Revenue fell 9% to $1.2 billion in the third quarter as the Milwaukee-based company retained guidance for shipping 241,000 to 246,000 motorcycles to dealers world-wide in 2017, down 6-8% from last year.
Harley, seeking to grow its customer base, has embarked upon plans to add 2 million new riders in the U.S. over the coming decade, and grow its international business to 50% of its total annual volume. The company is working to expand its appeal to women, minorities, young adults and city dwellers.
The challenge of the targets remained evident in the third quarter. Harley’s U.S. motorcycle sales dipped 8.1% to 41,793, while its international retail sales were off 4.6% to 22,416.
Harley said its U.S. market share increased in the latest quarter and its sales decline wasn’t as steep as the broader industry.
The company reported profit of $68.2 million, or 40 cents a share, in third quarter, down from $114.1 million, or 64 cents, the same period a year ago.