Harley-Davidson warns inflation headwinds will persist

FOX Business’ Stuart Varney and Lauren Simonetti on Wednesday’s market open, Moderna joining the S&P 500 and travel stocks. 

Harley-Davidson Inc. has joined a chorus of other U.S. companies in warning that inflation headwinds are going to persist for at least the rest of this year. 

The Milwaukee-based motorcycle manufacturer has seen inflation across all modes of freight and in raw materials. 

Ticker Security Last Change Change %HOG HARLEY-DAVIDSON, INC. 40.65 -3.15 -7.19%

“We have continued to see inflation across all modes of freight as well as within raw materials, and we are forecasting this to continue throughout the fiscal year,” Harley-Davidson CFO Gina Goetter said on the company’s second-quarter conference call on Wednesday. 

Inflation headwinds during the quarter were worth about five points of margin – two from raw materials costs and three from higher logistics rates. 

FOOD AND BEVERAGE GIANTS SOUND INFLATION ALARM

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