Acushnet Company raised its sales by 2.0 percent to $446.5 million for the second quarter according to Fila Korea, which owns 12 percent of the parent company of Titleist and Footjoy, but the turnover was up by 4 percent on a currency-neutral basis. The gross margin improved to 53.1 percent of sales from 50.2 percent in the year-ago period, and the operating margin increased to 14.7 percent from 13.0 percent. Earnings went up by 10.9 percent to $36.5 million.

Topics