Harley-Davidson Is Roaring Back to Life

·5 min read
Harley-Davidson Is Roaring Back to Life

Harley-Davidson (NYSE: HOG) returned to profitability in the second quarter as motorcycle revenue more than doubled from last year, but the market is worried inflation, higher raw materials costs, and lingering global supply chain issues will hamper the motorcycle maker's continued growth. Harley's performance, though, shows CEO Jochen Zeitz plans to create a smaller, more narrowly focused company -- one that is both profitable and on the right track. Harley reported consolidated revenue rose 77% to $1.5 billion, generating net income of $206 million, or $1.33 per share.

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