Summary Box: Harley-Davidson 2Q sales rise

AP News
Posted: Jul 19, 2011 2:25 PM
Summary Box: Harley-Davidson 2Q sales rise

RESULTS: Motorcycle maker Harley-Davidson Inc. said its second-quarter profit more than doubled on an increase in U.S. demand for its bikes.

THE PLUS: U.S. retail sales rose 7.5 percent, marking the company's first domestic sales increase since 2006. In light of the increase, Harley boosted its shipment forecast for 2011. The company now expects to ship between 228,000 and 235,000 new bikes worldwide this year, representing an increase of 8 percent to 12 percent over 2010 levels.

THE MINUS: International sales rose just 2.4 percent, largely as a result of tough comparisons, the company said. Overall Asia-Pacific sales rose 6.7 percent, but that increase included a 3.4 percent drop in Japanese sales related to the March earthquake and tsunami in that country.