European Shorting
| New Threads Only: |  |  |  |
|
|---|---|---|---|---|
| New Threads & Replies: | | | |
|
Forum List » Business News and Headlines SEC Filings, Earing Reports, Press Releases  
HarleyDavidson Inc. Reports Operating Results (10-Q)
Posted by: gurufocus (IP Logged)
Date: November 3, 2011 12:30PM
HarleyDavidson Inc. (HOG) filed Quarterly Report for the period ended 2011-09-25. Highlight of Business Operations:Worldwide retail sales by independent dealers of new Harley-Davidson motorcycles grew 5.1% in the third quarter of 2011, compared to last year’s third quarter, led by the U.S. where retail sales increased 5.1%. International retail sales were up 4.4% during the third quarter of 2011.Worldwide independent dealer retail sales of Harley-Davidson motorcycles increased 5.1% during the third quarter of 2011 compared to the third quarter of 2010. Retail sales of Harley-Davidson motorcycles increased 5.4% in the United States and 4.4% internationally in the quarter. The following table includes retail unit sales of Harley-Davidson motorcycles: Worldwide independent dealer retail sales of Harley-Davidson motorcycles increased 4.9% during the first nine months of 2011 compared to the first nine months of 2010. Retail sales of Harley-Davidson motorcycles increased 4.7% in the United States and 5.2% internationally in the first nine months of 2011. On an industry-wide basis, the heavyweight (651+cc) portion of the market was up 3.7% in the United States and down 2.7% in Europe for the nine months ended September 25, 2011 when compared to the same periods in 2010. The following table includes retail unit sales of Harley-Davidson motorcycles: The following table includes the estimated impact of significant factors affecting the comparability of net revenue, cost of goods sold and gross profit from the first nine months of 2010 to the first nine months of 2011 (in millions): The Company believes that 2012 operating income from Financial Services will decrease compared to 2011, as approximately $37.0 million in 2011 balance sheet allowance releases are not expected to reoccur in 2012, lower net interest is anticipated as the portfolio of retail loans continues to contract as a result of lower U.S. retail sales over the last few years, and there may be a modest tightening of margins on prime tier retail lending due to a competitive lending environment. Although the Company expects lower operating income in 2012 compared to 2011, the Company still expects HDFS to be profitable in 2012(1).
Sorry, only registered users may post in this forum.
Please Login if you have an account or Create a Free Account if you don't 
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
| Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More) 
|
Feedback
My Portfolios
Browse Gurus
RSS