Harley-Davidson cuts revenue forecast on inflation, DEI backlash https://t.co/RjC6QYbLSX
Harley-Davidson lowers full-year revenue forecast on weak demand https://t.co/XZ3MYEQtj4 https://t.co/FV7Lm3a1qA
Harley-Davidson slashes forecast as sales slammed by DEI boycott, inflation https://t.co/fEUzgJKrvC https://t.co/mtftg9ITag
Harley-Davidson reported a 26% decline in Q3 sales, totaling $881.21 million, as the company faces significant industry headwinds. Despite beating earnings expectations, the motorcycle manufacturer lowered its full-year revenue forecast due to weak demand, inflationary pressures, and backlash from a diversity, equity, and inclusion (DEI) initiative. Following the earnings report, Harley-Davidson's stock fell by 2.7%, reflecting investor concerns over the company's revised guidance amidst these challenges.
