(Roughly) Daily

“There are old bikers and there are bold bikers, but there are no old, bold bikers”*…

 

film-the-wild-one-with-brando-on-a-bike-opening-scene

 

Harley knows what it’s future looks like with, perhaps by as soon as next year, more sales internationally than in the U.S., the continuation of a long-term trend. It’s desperately trying to prop up U.S. sales, but the LiveWire hasn’t been selling great, and its core demo is aging out. Revenue numbers for 2019 released today were also a lot worse than expected.

Let’s go to Reuters first off for some of the numbers:

Motorcycle revenue fell an annual 8.5% to $874.1 million in the December quarter, faster than a 3.4% fall predicted by analysts in a Refinitiv survey.

Its shares, after falling as much as 7%, pared losses to trade 2.5% lower at $33.96 on Tuesday afternoon…

Its bike sales in America last year were the lowest in at least 16 years. Falling sales in the past 12 quarters have forced the company to tighten the supply of its bikes to prevent price discount pressure and protect profit.

In 2019, the shipment volume of its bikes in the United States was the lowest in at least two decades. Global shipments were the lowest since 2010.

In a reflection of the demographic headwind, the motorcycle maker’s stock price has declined by 44% in the past five years. By comparison, the S&P 500 Index .SPX has gained 63%…

Most worryingly for Harley, they are posting falling sales numbers at a time when the economy is strong…

Tough times for an American icon: “Harley-Davidson’s Slow Decline Is Getting Hard To Watch.”

[TotH to RW]

[Image above, from The Wild One: source]

* Evel Knievel

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As we downshift, we might recall that it was on this date in 1864 that The Knights of Pythias– the first fraternal organization to receive a charter under an act of the U.S. Congress– was formed in Washington, D.C.  There are over 2,000 Pythian lodges in the United States and around the world; it’s members have included William Jennings Bryan, Louis Armstrong, and Nelson Rockefeller.  During the “Golden Age of Fraternalism” in the early 1920s, the order had nearly a million members; its current count is around 50,000.

Knightsofpythias source

 

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