The Q3 numbers are in and CEO Jochen Zeitz is declaring victory for Harley-Davidson. “Today we shared our Q3 2021 financial results, in addition to providing proof points to our Hardwire strategy. As we continue to enhance our position as the most desirable motorcycle brand in the world, the efforts of our entire global team are demonstrated by our solid results this quarter.”
Driven by growth in the motorcycle sector, Q3 consolidated revenue was up 17% versus Q3 2020. Total net income growth of 36% was driven by growth across both the Motorcycles and the Financial Services segments. In fact, Financial Services segment operating income growth was $15 million in the quarter alone.
“Harley-Davidson delivered a solid third quarter and we have seen many of our Hardwire strategic initiatives perform well, providing encouraging initial proof points of our five-year strategy,” adds Zeitz. “Our teams continue to work to mitigate the impact of the ongoing supply chain challenges that our sector faces, however our performance underlines that we are on course to deliver our long-term Hardwire strategy.”