Harley-Davidson Reports Sales Jump in the 4th Quarter of 2011

Harley-Davidson Inc. reported a profit of $54.6 million ($0.24 per share) in the fourth quarter of 2011, compared to a loss of $42.1 million, or $0.18 per share from continuing operations a year ago. Keith Wandell, the company’s president and chief executive, said that the reason for the sales jump in the 4th quarter of 2011 was improved consumer confidence in the United States and important growth investments overseas. Tough economic times usually hurt sales at Harley because Harley bikes are pricy compared to other makers.

Retail sales of new Harley-Davidson motorcycles grew 10.9 percent worldwide in the fourth quarter compared to the prior-year period, including an 11.8 percent increase in the U.S. For the full year 2011, new Harley-Davidson motorcycle retail sales rose 5.9 percent worldwide and 5.8 percent in the U.S.

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