According to a press release from Harley-Davidson, the challenging market conditions for non-essential goods and uncertainties regarding trade tariffs are adversely impacting the company’s performance.
The company’s net income for April to June was $108 million, down from $218 million during the same timeframe last year. Earnings per share fell to $0.88 from $1.63.
Harley-Davidson’s quarterly earnings reached $1.31 billion compared to $1.62 billion the previous year.
Analysts polled by FactSet anticipated that the firm would declare a net profit of 94 cents per share with revenue totaling $1.1 billion.
In the second quarter, Harley-Davidson’s worldwide motorcycle sales decreased by 28% compared to the previous year, totaling 35,800 units. Motorcycle sales decreased by 27% to reach $778 million.
In May, the company retracted its 2025 forecast due to uncertainty surrounding tariffs and a difficult macroeconomic landscape. On Wednesday, it announced that it would keep delaying guidance due to the uncertainty.
source: marketwatch.com
