The company delivered nearly 69,000 bicycles during the quarter, down 5% from a year ago. Total revenue decreased 6% to $ 1.4 billion.
The company has recently received the necessary regulatory approvals to ship Thailand-made motorcycles to the European Union, reducing Harley's tariffs. However, this approval process took "significantly longer" than planned and impacted earnings, which fell 1
The weaker than expected demand in Europe followed the company's sales forecast. The company has reduced the number of bicycles expected to ship this year to between 212,000 and 217,000. The Milwaukee-based company had previously announced it would deliver between 217,000 and 222,000 motorcycles in 2019.
Harley's sales have been declining for several years as interest among younger people is falling. President Donald Trump supported a boycott when Harley announced plans to move overseas manufacturing facilities in response to tariffs.
Harley's shares fell more than 4% on early trading Tuesday.