Report
Jaime Katz
EUR 100.00 For Business Accounts Only

Timing Shift Crimps 2019 Shipments at Harley; Profit Growth Delayed Until 2020 Product Launches

Languishing domestic demand continues to weigh on wide-moat Harley’s growth, with Harley U.S. retail sales falling 8% while industry retail sales ticked down 5%, implying market share losses for the brand. While much of the share cede was attributed to the consumer’s preference for other styles, including smaller displacement bikes, we don’t see anything likely to stop overall market declines until the middle of next year, when Harley launches its first middleweight bike product. Furthermore, Ha...
Underlying
Harley-Davidson Inc.

Harley-Davidson is the parent company of Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The company's segments are: Motorcycles and Related Products, which consists of HDMC that designs, manufactures and sells Harley-Davidson motorcycles as well as motorcycle parts, accessories, general merchandise and services; and Financial Services, which consists of HDFS that is engaged in the business of financing and servicing wholesale inventory receivables and retail consumer loans, primarily for the purchase of Harley-Davidson motorcycles. HDFS also provides motorcycle insurance and protection products to motorcycle owners.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jaime Katz

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