Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Harley-Davidson down post Q2 results

Published 07/18/2017, 07:12 AM
Updated 07/18/2017, 07:12 AM
© Reuters.  Harley-Davidson down post Q2 results
  • Harley-Davidson (NYSE:HOG) reports motorcycle revenue decreased 4.5% to $1.27B in Q2.
  • Parts & accessories revenue slipped 8% to $237.5M.
  • Motorcycle shipments fell 7.2% to 81,807 units.
  • Gross margin rate +10 bps to 36.5%.
  • Operating margin increased 100 bps to 20.3% as a result of mix favorability driven by demand for the Milwaukee-Eight powered touring motorcycles and lower SG&A spending.Financial services revenue declined 1.5% to $188.03M.
  • FY2017 Guidance: Motorcycle shipments: 241K to 246K (-6% to -8% Y/Y); Operating margin rate: ~-1%; Tax rate: ~34.5%; Capex: $200M to $220M.
  • HOG -8.08% premarket.
  • Now read: Harley-Davidson: You Must Like Pain


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.