Harley-Davidson’s shares skid on steeper revenue drop

. Analysts surveyed by Refinitiv on average expected revenues to decline 3.7 per cent to $920.14 million in the quarter.Story continues below advertisement

In the December quarter, U.S. retail sales declined for the 12th straight quarter. Sales also declined in Europe, Harley’s second-biggest market. In a reflection of the demographic headwind, the heavyweight motorcycle maker’s stock price has declined by 44 per cent in the past five years. In comparison, the S&P 500 has gained 63 per cent.

Those efforts seem to be bearing fruit. Sales in Asia-Pacific rose 6.2 per cent from a year ago in the latest quarter and were up 2.7 per cent in 2019.

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