Harley’s U.S. sales climb 8% – August 14, 2006
Harley-Davidson, Inc.’s worldwide motorcycle sales for its second quarter ended June 25 were up 10 percent to more than 125,000 units. Although U.S. retail motorcycle sales grew by a respectable 8.1 percent, international sales were up 17.3 percent during the quarter.
Harley-Davidson’s second-quarter net income was $243.4 million, up 2.5 percent compared to $237.4 million in the second quarter of 2005. Second quarter diluted earnings per share (EPS) were $0.91, an 8.3 percent increase compared to $0.84 in the year-ago quarter.
The Milwaukee-based manufacturer’s second-quarter revenue was $1.38 billion, up 3.3 percent from $1.33 billion during the same three-month period last year.
Some of the revenue increases included motorcycles, which were up to $1.03 billion, an increase of $21.7 million or 2.2 percent; parts and accessories, which consists of Genuine Motor Parts and Genuine Motor Accessories, totaled $251.7 million, an increase of $13.9 million or 5.9 percent; and general merchandise, which consists of MotorClothes apparel and collectibles, totaled $67.1 million, an increase of $3.7 million or 5.8 percent.
Shipments of Harley-Davidson motorcycles during the second quarter totaled 79,796 units, an increase of 2,668 units, or 3.5 percent over last year’s second quarter.
SIX-MONTH RESULTS
For the six months ended June 25, Harley-Davidson’s revenue totaled $2.66 billion, a 3.6 percent increase compared to the first six months of 2005. Earnings per share were $1.77, an increase of 9.3 percent compared to the same period last year.
Motorcycle revenue was $2.04 billion, up 2.6 percent compared to last year’s $1.99 billion; P&A revenue totaled $434.7 million, a 4.8 percent increase over last year’s $414.7 million; and general merchandise revenue totaled $135.6 million, a 10.4 percent increase compared to $122.9 million during the same period in 2005.
Harley-Davidson motorcycle shipments during the first six months of 2006 totaled 159,302 units, a 3.5 percent increase compared to last year’s 153,844 units. The company plans to ship 97,000 motorcycles in the third quarter.
