Commenting on its Q3 results , Harley chairman , CEO and president Jochen Zeitz is quoted as stating that " Harley-Davidson delivered a solid third quarter and we have seen many of our Hardwire strategic initiatives perform well . " 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 ." Total HDI revenue grew 17 % behind increased shipments and favorable motorcycle unit mix , with Motorcycles and Related Products segment operating margin at 8.4 % ( 3.6 percentage points better than Q3 2020 ) driven by unit mix , pricing and reduced restructuring expense offsetting the cost increases across the supply chain and the impact of EU tariffs . Harley ' s Q3 North America retail performance was up over last year ,

offset by declines across international markets . Total net income growth of 36 % was driven by growth across both the Motorcycles and the Financial Services segments . In the quarter that saw the launch of the Sportster S , the all-new Sportster motorcycle built on the Revolution Max

Jochen Zeitz , chairman , president and CEO - " Our teams continue to work to mitigate the impact of the ongoing supply chain challenges . Our performance underlines that we are on course to deliver our longterm Hardwire strategy ."

platform , revenue from the Motorcycles segment was up significantly during the third quarter of 2021 - primarily driven

by a 12 % increase in wholesale shipments , favorable motorcycle unit mix and pricing . Parts & Accessories third quarter revenue was down slightly , while General Merchandise was flat to Q3 2020 as both businesses faced strong prior year Q3 comparisons as dealers reopened after pandemic-related closures . Third quarter gross margin was down 3 percentage points to Q3 prior year as a margin benefit attributed from stronger volume , profitable mix and pricing was more than offset by the negative cost headwinds across the supply chain and higher EU tariffs ( 2.5 percentage point impact ). Q3 operating margin finished up versus prior year as the company ' s comparison period included heavier Rewire restructuring charges . Global retail motorcycle sales in the third quarter ( down 6 % to prior year ) were impacted by the strategic decisions made as part of the Rewire strategy , including the exit of unprofitable product segments and

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2022

ATLANTA FINALS

Zodiac ' s homage to Indian Larry ' s 1969 / Easy Rider era authenticity . See pages 31-33 ...