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Harley-Davidson sees consumer rebound accelerating; stock up

Harley-Davidson Inc sounded an upbeat note about the state of the global consumer on Thursday with a 34 percent increase in quarterly profit and a big jump in shipments of its iconic motorcycles ahead of the traditional spring selling season.The Milwaukee-based company, closely watched because of the window it provides on discretionary spending, said overall revenue from bikes, parts and accessories, and apparel rose 9.8 percent to $1.57 billion in the most recent quarter.And it stuck to its full-year forecast for worldwide motorcycle shipments, overcoming a slow start to 2013 compared with a year ago when an unusually warm winter and spring enticed customers to buy new bikes sooner than usual."We feel very good about the overall business and the strength of it," John Olin, Harley-Davidson's chief financial officer, told Reuters in an interview.The company, which saw its annual worldwide motorcycle shipments peak at about 350,000 units in 2006, said it believed that market grew even th...

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  1. Winnebago Reports Profit as Demand Jumps

    Winnebago Industries Inc, the largest U.S. motor home maker, reported a second-quarter profit after a year-earlier loss as revenue rose by more than a third.The comp...

  2. Ford Adds Jobs to Boost U.S. Engine Output

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    Winnebago Industries CEO Randy Potts on the growth outlook for recreational vehicle sales.

  4. Wall Street climbs as jobless claims hit four and a half year low

    U.S. stocks advanced on Thursday after data showed initial jobless claims fell to the lowest level in more than four and a half years, suggesting improvement in a ke...

  5. Winnebago to Ramp Up Production in '13 to Meet Demand

    Winnebago Industries (NYSE:WGO) revealed fourth-quarter earnings below the consensus on Thursday but touted a nearly 25% rise in sales on strong motor home demand an...

  6. Wall Street set to rise as jobless claims hit four and a half year low

    Stocks were poised for a higher open on Thursday after data showed initial jobless claims fell to the lowest level in more than four and a half years.The number of A...

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    Stock index futures rose on Thursday, indicating the S&P 500 may halt a four-day slide ahead of data that is expected to show a rise in unemployment benefits claims....

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