Harley-Davidson (NYSE:HOG): Current Price $53.55
Harley-Davidson (NYSE:HOG) declares fourth quarter EPS of $0.31 per expectations and revenue of $1.17 billion which is ahead of consensus by $193.12 million. Retail sales of motorcycles grew 7.5% globally during the quarter on a year-on-year basis, comprising 8.4% growth in the US and 6.3% internationally. Keith Wandell, Chairman, President and Chief Executive Officer, said, “The ambitious restructuring of our manufacturing operations, aimed at delivering better responsiveness for customers and greater operating efficiency, is now largely behind us. Motorcycle sales grew in 2012, fueled by exceptional products and retail experiences. Together with our dealers, we grew sales to U.S. outreach customers faster than to core customers, grew U.S. market share and continued to expand internationally.” For 2013, the company expects a 4.5%-6.5% volume increase from 2012, and a gross margin of 35.25%-36.25%.