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Retail motorcycle sales were down 7.1 percent in the United
States during the third quarter. Weak U.S. industry trends
dragged on the company's total global retail sales, which fell
4.5 percent.
Due to continued slowed U.S. industry growth the company said it
plans to streamline operations in the fourth quarter. It expects
to post $20 million to $25 million in reorganization and
employee separation costs.
The Milwaukee, Wisconsin-based company said its net income was
$114.1 million in the second quarter, down from $140.3 million a
year ago.
Earnings per share decreased to 64 cents from 69 cents a year
ago, in line with expectations. Revenue was $1.27 billion, down
from $1.32 billion a year earlier but beating forecasts for
$1.09 billion.
(Reporting By Meredith Davis in Chicago; Editing by Chizu
Nomiyama)
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