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The company's shares were down 7.8 percent at $47.96 in
premarket trading.
The Milwaukee-based motorcycle maker, which previously forecast
"flat to down modestly" full-year shipments, said it expects to
ship 241,000 to 246,000 motorcycles in 2017, compared with
262,221 a year earlier.
Demand for Harley's motorcycles is slowing as the baby boomer
demographic ages and rivals such as the Indian brand bike maker
Polaris Industries Inc <PII.N> and Japan's Honda Motor Co Ltd
<7267.T> offer competitive discounts.
Harley said its share in the U.S. big-bike market fell to 48.5
percent in the second quarter ended June 25, from 49.5 percent a
year earlier.
Retail motorcycle sales fell 9.3 percent in the United States,
its biggest market, while they declined 6.7 percent globally.
The company said net income fell to $258.9 million, or $1.48 per
share, in the quarter, from $280.4 million, or $1.55 per share,
a year earlier.
Revenue from motorcycles and related products fell to $1.58
billion from $1.67 billion.
(Reporting by Ankit Ajmera in Bengaluru; Editing by Sriraj
Kalluvila)
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