Harley-Davidson pulls annual forecasts over tariff concerns

(Reuters) -Harley-Davidson on Thursday suspended its annual forecasts as the motorbike maker navigates headwinds related to U.S. President Donald Trump’s tariffs.

Harley said it would deal with the current economic situation through cost cuts, mitigating risks within its supply chain, tightening operating expenses and reducing dealer inventory.

Shares of the company rose about 1% in premarket trade.

The results come at a time when Trump’s vacillating tariff policy is upending companies across sectors, with many pulling their annual forecasts.

Rival Polaris (NYSE:PII), which makes the "Indian" brand of motorcycles, withdrew its annual sales and profit forecasts on Tuesday and flagged a hit from weak consumer demand and tariffs.

Demand for leisure vehicles has dropped in the United States, with most consumers reconsidering their purchases amid an uncertain economy.

Harley is also struggling to make headway with younger riders.

Its global retail motorcycle sales in the first quarter were down 21% from a year ago, hurt by weak demand due to a high-interest rate environment.

Harley had previously expected flat to 5% decline in its 2025 profit per share.

The company’s first-quarter revenue fell 23% to $1.33 billion from a year earlier.

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