Harley-Davidson’s Net Falls 23% As Economic Conditions Hamper Sales

Not surprisingly, Harley-Davidson Inc continues to struggle with the weak U.S. economy. Its second-quarter profits fell 23% amid a steep drop in domestic sales. Shipments of motorcycles didn’t fall as much as the company had forecast in the spring, however, and results were better than Wall Street analysts had expected. Harley said second-quarter net income fell to $222.8 million, or 95 cents a share, from $290.5 million, or $1.14 a share,. Harley said it shipped 80,326 motorcycles to its dealers and distributors in the quarter, down 15.6% from a year earlier. The decrease is the result of the previously announced shipment reduction in response to ongoing weakness in the U.S. economy.

7 Responses to “Harley-Davidson’s Net Falls 23% As Economic Conditions Hamper Sales”

  1. 1 FAST3R TG Jul 18th, 2008 at 9:03 am

    Big dip….not expected to be so sharp.

  2. 2 Gar Jul 18th, 2008 at 10:22 am

    Actually I am surprised it isn’t bigger!

  3. 3 Gar Jul 18th, 2008 at 3:18 pm

    Could this be the next American Company sold out to foreign money? I wouldn’t be surprised!

  4. 4 rodent Jul 19th, 2008 at 8:49 am

    They’ll be jointing Miller Beer and Bud

  5. 5 J Jul 19th, 2008 at 4:09 pm

    Judging from how packed with bikes the dealers are in my area, I think I’ll wait until next quarter before getting too excited; When was the last time you saw markdowns on new bikes? $1000 off sticker here…

    My main dealer looks like a Chevy dealership- units parked 10 deep…..

  6. 6 Nicker Jul 20th, 2008 at 3:51 pm

    So how exactly is MV supposed to fix this picture…????


  7. 7 dave Jul 23rd, 2008 at 4:07 am

    tough news for the american hvy cruiser market. I hope they aren’t ‘too big’ to make it. there are others that will step up though. it is the nature of the business.

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Cyril Huze