Harley-Davidson Stock Plunges as First-Quarter Retail Sales Disappoint

Harley-Davidson Stock Plunges as First-Quarter Retail Sales Disappoint·The Wall Street Journal
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Harley-Davidson beat expectations on revenue and earnings but its share price crashed Thursday as global retail sales came in flat despite the introduction of new touring motorcycles. The company reported a 6% gain in North American retail sales with the introduction of new Street Glide and Road Glide motorcycles, though some dealers said most of the bikes they sold were discounted 2023 models. In Europe and Asia, which did not receive the new models until late in the quarter, sales were down by double digits.

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