A Look Back at Leisure Products Stocks' Q4 Earnings: Harley-Davidson (NYSE:HOG) Vs The Rest Of The Pack

Let's dig into the relative performance of Harley-Davidson (NYSE:HOG) and its peers as we unravel the now-completed Q4 leisure products earnings season.

Leisure products cover a wide range of goods in the consumer discretionary sector. Maintaining a strong brand is key to success, and those who differentiate themselves will enjoy customer loyalty and pricing power while those who don’t may find themselves in precarious positions due to the non-essential nature of their offerings.

The 15 leisure products stocks we track reported a weaker Q4; on average, revenues beat analyst consensus estimates by 0.9%. while next quarter's revenue guidance was 11.6% below consensus. Inflation progressed towards the Fed's 2% goal at the end of 2023, leading to strong stock market performance. The start of 2024 has been a bumpier ride, as the market switches between optimism and pessimism around rate cuts due to mixed inflation data, and while some of the leisure products stocks have fared somewhat better than others, they collectively declined, with share prices falling 3.7% on average since the previous earnings results.

Harley-Davidson (NYSE:HOG)

Founded in 1903, Harley-Davidson (NYSE:HOG) is an American motorcycle manufacturer known for its heavyweight motorcycles designed for cruising on highways.

Harley-Davidson reported revenues of $1.05 billion, down 7.8% year on year, topping analyst expectations by 20.4%. It was a mixed quarter for the company, with an impressive beat of analysts' earnings estimates. On the other hand, its number of motorcycle shipments unfortunately missed and its operating margin fell short of Wall Street's estimates.

Harley-Davidson pulled off the biggest analyst estimates beat of the whole group. The stock is up 13.4% since the results and currently trades at $39.16.

Is now the time to buy Harley-Davidson? Access our full analysis of the earnings results here, it's free.

Best Q4: Smith & Wesson (NASDAQ:SWBI)

With a history dating back to 1852, Smith & Wesson (NASDAQ:SWBI) is a firearms manufacturer known for its handguns and rifles.

Smith & Wesson reported revenues of $137.5 million, up 6.5% year on year, outperforming analyst expectations by 2.9%. It was an exceptional quarter for the company, with an impressive beat of analysts' earnings and revenue estimates.

The stock is up 24.1% since the results and currently trades at $16.68.

Is now the time to buy Smith & Wesson? Access our full analysis of the earnings results here, it's free.

Clarus (NASDAQ:CLAR)

Initially a financial services business, Clarus (NASDAQ:CLAR) designs, manufactures, and distributes outdoor equipment and lifestyle products.

Clarus reported revenues of $76.5 million, up 3.6% year on year, falling short of analyst expectations by 8.7%. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations and a miss of analysts' revenue and earnings estimates.

Clarus had the weakest performance against analyst estimates and weakest full-year guidance update in the group. The stock is up 15.6% since the results and currently trades at $6.09.

Read our full analysis of Clarus's results here.

Latham (NASDAQ:SWIM)

Started as a family business, Latham (NASDAQ:SWIM) is a global designer and manufacturer of in-ground residential swimming pools and related products.

Latham reported revenues of $90.87 million, down 15.8% year on year, surpassing analyst expectations by 4.5%. It was a mixed quarter for the company, with an impressive beat of analysts' earnings estimates but full-year revenue guidance missing analysts' expectations.

The stock is up 5% since the results and currently trades at $3.45.

Read our full, actionable report on Latham here, it's free.

Vista Outdoor (NYSE:VSTO)

Emerging from a 2015 spin-off, Vista Outdoor (NYSE:VSTO) specializes in the production and sale of outdoor gear and shooting sports equipment.

Vista Outdoor reported revenues of $682.3 million, down 9.6% year on year, falling short of analyst expectations by 0.9%. It was a weak quarter for the company, with a miss of analysts' earnings estimates.

The stock is up 17.1% since the results and currently trades at $32.87.

Read our full, actionable report on Vista Outdoor here, it's free.

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