Harley-Davidson Lowers Revenue Forecast

(Reuters) – Harley-Davidson (NYSE:HOG) has revised its revenue forecast for the year due to persistent inflation and elevated borrowing costs impacting motorcycle demand in North America.

On Thursday, the company announced it now anticipates a revenue decline of 14% to 16% for 2024 from motorcycles and related products, a significant change from its earlier estimate of a 5% to 9% decrease.