(Reuters) -Harley-Davidson reported a lower second-quarter profit and did not provide an annual forecast on Wednesday, as U.S. President Donald Trump's tariffs continued to weigh on the motorcycle maker.
"Given that the global tariff and business outlook especially for discretionary product purchases remains uncertain, we continue to withhold our full year HDMC (Harley Davidson Motorcycle Company) 2025 financial outlook," Harley-Davidson said.
Between February and now, close to 100 U.S. companies have
either withdrawn or cut their guidance as uncertainty over tariffs throws financial planning out of gear, with most of them from the consumer and automotive and transportation sectors, according to Reuters calculations.
The legacy motorcycle maker also said it was selling its loans from its financial unit to KKR and PIMCO valued at more than $5 billion.
Leisure vehicle demand has been on a decline in the U.S., with consumers rethinking non-essential purchases in an uncertain economy.
Harley's sales have taken a hit over the years as its bikes struggle to resonate with younger riders, who are looking for fuel efficient models instead with modern safety features.
The company's quarterly profit fell to $108 million, or 88 cents per share, from $218 million, or $1.63 per share, a year ago.
(Reporting by Nathan Gomes in Bengaluru; Editing by Maju Samuel)
