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Margins tighten at Harley-Davidson

Oct. 17, 2017 7:07 AM ETHarley-Davidson, Inc. (HOG) StockBy: Clark Schultz, SA News Editor
  • Harley-Davidson (NYSE:HOG) reports global motorcycle sales fell 4.6% in Q3 to 22,416 units. U.S. motorcycle sales were down 8.1% to 41,793 units. Total motorcycle sales were down 6.9% to 64,209 units.
  • Motorcycle shipment revenue fell 17.2% to $653M, while parts & accessories revenue was down 0.7% to $230M.
  • The company's gross margin dropped a full 4.8 percentage points to 28.8%. Operating margin plunged 800 bps to 2.0%.
  • Looking ahead, Harley expects to ship 241K to 246K units this year and see a 1% drop in operating margin compared to a year ago.
  • Previously: Harley-Davidson beats by $0.01, beats on revenue (Oct. 17)
  • HOG +0.92% premarket to $47.00.

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