Harley-Davidson cuts revenue forecast on inflation, DEI backlash

Harley-Davidson cut its full-year revenue forecast as persistent inflation and weak demand in the wake of a consumer boycott that spurred it to drop diversity, equity and inclusion (DEI) programs took a toll on its balance sheet. The motorcycle maker said its sales in North America were down 10% and that it expects its full-year global shipments to be down 16% to 17%, compared with its prior forecast of a 7% to 10% decline.Harley-Davidson projected that its annual retail sales would be down 6% to 8%, after ...