Amidst all the economic anxiety gripping Washington and the rest of the nation, more new Hogs are hitting the road.
On Tuesday Harley-Davidson reported stellar growth: income for the second quarter was $190.6 million, up 36.8% compared with the second quarter of last year. In the U.S., unit sales of new motorcycles rose 7.5%, the first year-over-year quarterly rise since the fourth quarter of 2006.
Harley Davidson generated $1.34 billion in sales, well ahead of a consensus expectation of $1.263 billion in sales.
The company's second quarter earnings per share - $0.81 - also exceeded expectations ($0.71).
The company says it now expects to ship between 228,000 to 235,000 Harley-Davidson motorcycles worldwide in 2011: in April, the company said it planned to ship between 215,000 and 228,000 bikes.
I love the feel of a HOG!
ReplyDeleteThat makes sense, since gas prices are so high.
ReplyDelete