CHICAGO: Harley-Davidson Inc on Tuesday reported stronger sales in China and other Asian markets and said U.S. sales should improve in the second ...
CHICAGO: Harley-Davidson Inc on Tuesday reported stronger sales in China and other Asian markets and said U.S. sales should improve in the second half of the year, positive news that offset a cut to its full-year motorcycle forecast and sent shares up 4.5 percent.
In a reflection of the demographic headwind, the heavyweight motorcycle maker's stock price has declined by 46per cent in the past five years. In comparison, the S&P 500 has gained 50per cent. In the United States, however, sales fell for yet another quarter. Although Harley expects U.S. sales to be down in the second half of the year, it is hopeful that the pace of decline would moderate.Channel NewsAsia - Sentifi topic widget
Operating margin as a percent of motorcycle revenue is projected to be about 6per cent to 7per cent this year, lower than the 8.0per cent to 9.0per cent estimated earlier.
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