Harley-Davidson Earnings Fall Amid Slow Sales, Reduced Shipments

Outside the U.S., sales declined by 1.8 percent and fell in every region tracked by the company except Latin America, which saw an increase of more than 24 percent.

In addition, the company reported revenue of $ 1.5 billion and net income of $ 186.4 million, down from $ 1.75 billion and $ 250.5 million, respectively, in the first quarter of last year.

Officials attributed the numbers to sluggish sales throughout the industry as well as its decision to reduce shipments of motorcycles from the 2017 model year. The company said that dealerships, as a result, were able to focus on selling remaining inventory from 2016.

“First-quarter U.S. retail sales were in line with our projections and we remain confident in our full-year plan despite international retail sales being down in the first quarter,” CEO Matt Levatich said in a statement.

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Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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