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HARLEY-DAVIDSON UPDATES SHIPMENT GUIDANCE DUE TO STRIKE
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Following six non-production days related to a strike at its largest
assembly plant, Harley-Davidson, Inc. (NYSE HOG) announced today that
motorcycle shipments for the first quarter of the year will not meet
previously established guidance. First quarter 2007 shipments of
Harley-Davidson motorcycles had been expected to be between 82,000 and
84,000 units.
At this time, the Company is not providing motorcycle shipment
guidance for the first quarter, nor is it prepared to predict whether
the strike will have an effect on full year financial guidance.....
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And the dealers are probably breathing a sigh of relief.
Maybe it's just Michigan but everytime I go to one of the dealers around
here, they grab you by the ankles as you walk in asking if they can help
you.
Must have something to do with the massive inventory that isn't moving.
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