Harley financials: Revenue up, U.S. sales miss targets

Harley-Davidson (H-D) reported a retail sales decrease of 5.5 percent for the U.S. market and an 1.2 percent report drop for its worldwide retail sales in its second quarter, which ended July 1.

“U.S. retail sales of Harley-Davidson motorcycles in the first half of the year have not met our expectations,” H-D CEO Jim Ziemer said in a press release. “As a result, we will continue to closely monitor the retail environment and regularly assess our planned wholesale shipments throughout the remainder of 2007.”

While U.S. sales were down, international sales grew by nearly 14 percent in the second quarter.

Revenue growth for the second quarter was 17.7 percent while H-D’s net income of $290.5 million was an increase of 19.3 percent.

Read more about H-D’s second-quarter financial report in the Aug. 13 edition of Powersports Business.

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