Harley-Davidson profit hit by slowing demand
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July 27 (Reuters) - Harley-Davidson Inc's profit fell 17.5% in the second quarter, the motorcycle maker said on Thursday, as customers cut back on discretionary spending due to higher borrowing costs and inflationary pressures.
The company's net profit fell to $178 million, or $1.22 per share, in the quarter, from $215.9 million, or $1.46 per share, a year earlier. (Reporting by Kannaki Deka in Bengaluru; Editing by Sriraj Kalluvila)
