Harley-Davidson saw more declines in Q2 of 2017, with diluted EPS down 4.5% to $1.48 and net income down more than $21 million dollars when compared to the same period last year. Retail motorcycle sales worldwide dropped 6.7% and in the US sales ended down 9.3%.
In spite of this, Harley-Davidson President and CEO Matt Levatich, struck a positive tone in a company press release announcing the information.
“We are pleased with our ability to deliver strong margins in the quarter despite challenging market conditions, particularly in the U.S. Given U.S. industry challenges in the second quarter and the importance of the supply and demand balance for our premium brand, we are lowering our full-year shipment and margin guidance.
“Our long-term strategy, focused on building the next generation of Harley-Davidson riders, is our true north. Our new product investment is one pillar of our long-term strategy to build riders globally and we are energized by the strength of our model year 2018 motorcycles coming later this summer.”
Year-to-date numbers slipped also, with diluted EPS down 13.1% to $2.53, net income registering $445.2 million, down more than $85 million compared to the opening six months of business in 2016. Worldwide retail motorcycle sales declined 5.7%.
Image and charts provided courtesy of Harley-Davidson.