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Harley results top Wall Street forecasts as demand for motorcycles soars
Electric motorcycles by Harley-Davidson and LiveWire are seen at a Harley-Davidson dealership in Queens, New York City, U.S., February 7, 2022.
Feb 8 (Reuters) – Harley-Davidson Inc reported on Tuesday a sharp jump in revenue and an unexpected profit for the fourth quarter, boosted byprice hikes and a shift towardsales of higher-margin touring and cruiser motorcycles, sending its shares up nearly 15%.
In the midst of nearly a two-year sales drop, Harley reset its strategy in 2020 to focus on selling its high-margin Touring, large Cruiser and Trike bikes to older