Industry goliath Harley-Davidson (NYSE:HOG) is scheduled to announce second quarter earnings on July 20. With motorcycle sales down year-to-year for all major motorcycle manufacturers H-D has made many well-publicized work force cuts and taken cost-cutting measures to offset declining revenues.
H-D’s Q1 earnings per share were $0.29 on a decline in retail sales of 18.2% in Q1. There has been a continued weakness in retail demand for motorcycles. H-D’s Q2 results will show if the Motor Company’s cost cutting has been effective.
Their share price the the end of the first quarter was $28.07. June 18, shares closed at $26.81, a 4.4% decline from the close of Q1.
– RT Editor
