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Harley-Davidson Backs 2017 Motorcycle Shipments View

Harley-Davidson Inc. (HOG) said that it continues to anticipate motorcycle shipments for 2017, to be flat to down modestly in comparison to 2016. In the second quarter of 2017, the company expects to ship approximately 80,000 to 85,000 motorcycles.

Harley-Davidson continues to expect full-year 2017 operating and gross margin as a percent of revenue to be approximately in line with 2016.

The company continues to expect that full-year 2017 capital expenditures will be $200 million to $220 million.

The company's long-term strategy through 2027 is focused on objectives to build two million new Harley-Davidson riders in the U.S.; Grow international business to 50 percent of annual volume; Launch 100 new, high-impact motorcycles; deliver superior return on invested capital for Harley-Davidson Motor Company (S&P 500 top 25%); and grow the business without growing its environmental impact.

by RTT Staff Writer

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