All Acushnet articles – Page 2
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ArticleFila Holdings’ Q1 sales, profits dominated by Acushnet
Struggling with a bloated inventory market in the U.S. and sales channel adjustments in its home South Korea market, Fila Holdings relied on Acushnet Co. to generate the majority of its Q1 revenues and operating profit. Operating income declined by 14.7 percent in constant currency to KRW 160,379 million ...
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ArticleAcushnet Holdings posts solid results in seasonally strong quarter
Acushnet Holdings, the parent of the Titleist, FootJoy, and KJUS brands, produced a 15.2 percent increase in Q1 net income to $93.3 million versus $81.0 million in the year-ago period ended March 31. Total revenues, benefitting from new product introductions for another golf season and enhanced supply chain and customization ...
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News briefsTitleist and Kjus parent Acushnet appoints new EVP/CFO
In an SEC filing dated April 3, 2023, Acushnet Holdings Corp., the parent company of Titleist, Footjoy and Kjus, announced that Sean Sullivan has accepted an offer to become executive vice president and chief financial officer of the company. Sullivan is expected to be appointed to this position by the ...
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Infographics & DataSGI Sporting Goods Scorecard Q4 2022
Find out whose sales are up and whose profits are down in Q4 2022 in our exclusive analysis of the sporting goods industry’s largest players.
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AnalysisAnalysis: Taking stock of sporting goods inventory levels
Our exclusive analysis of the inventory levels of some of the industry’s biggest brands, including how some are responding to the challenges
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Infographics & DataSporting goods company inventory levels in Q4 2022
We’ve compiled inventory levels at the top sporting goods companies in Q4 2022. Found out how they compare with 2021 and across the industry
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ArticleFila’s FY22 profitability driven by Acushnet
Korea-based Fila Holdings, facing sales channel adjustments in its home market and a promotional U.S. business, generated 80 percent of its FY 22 operating profit from its stake in Acushnet Co. The group’s FY22 net profit rose 25 percent on a constant-currency basis to KRW 467,544 million (€327.3m), with Acushnet ...
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ArticleAcushnet opposes proposed golf ball bifurcation
Acushnet Company, parent of the popular Titleist golf ball brand, has voiced its disapproval of proposed rule changes by the Royal & Ancient Golf Club of St. Andrews (R&A) and the U.S. Golf Association that would create two golf ball specifications – one for professionals and one for recreational players. ...
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ArticleAcushnet FY22 sales rise by double digits in all categories
Acushnet Holdings Corp., after exceeding the low-end of its annual revenue and Ebitda range forecasts for FY22, has established consolidated net sales guidance of $2,325 to $2,375 million for FY23, a growth range of 2.0 to 7.9 percent year-over-year, and an adjusted Ebitda range of $345 to $365 million. Senior ...
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ArticleFila raises revenue guidance but sees operating profits under pressure
Korea-based Fila Holdings raised its guidance for full-year sales following the strong performance of its Acushnet subsidiary and a surge in global royalty revenues in the third quarter but cut its guidance for operating profits amid one-off restructuring costs and margin pressure due to promotional activities resulting from challenging market ...
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ArticleAcushnet raises constant currency growth guidance but sees significant forex headwinds
Acushnet Holdings Corp. raised its full-year guidance for constant-currency sales growth to 9.0 percent to 10.2 percent from a previous range of 6.8 percent to 9.1 percent amid signs of resilience in demand for golf products but warned that it continues to face significant currency headwinds that will constrain reported ...
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ArticleSporting goods industry stocks down in Q3
According to SGI Europe’s quarterly study of 40 select sporting goods industry stocks, the drop was less than in Q1 (-16.25%) and Q2 (-14.79%) but marked the third consecutive quarterly decline for the segment. But the results were mixed, as the stock prices of 19 companies – led by Xtep ...
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Infographics & DataLeading sports equipment brands 2021
This exclusive chart and data can be downloaded by our Premium Members.
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Infographics & DataSporting Goods Scorecard Q2 2022 - The top performers by sales and profit
This exclusive chart and data can be downloaded by our Premium Members.
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ArticleFila’s Q1 revenues boosted by Acushnet, royalty income
Fila Holdings group revenues rose 15.0 percent (+4.3% currency neutral) to a quarterly record high of 1,171,903 million Korean won (€820.3m) in the second quarter ended June 30. More than 18 percent revenue growth at Acushnet to KRW 828,977 million (€580.3m) fueled by solid demand in North America and a ...
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ArticleAcushnet sees supply chain constraints hamper results
Acushnet Holdings Corp. posted a 4.3 percent rise (+7.6 percent in constant currency) in consolidated first-quarter sales to $606.1 million against $580.9 million, but net profit dipped 4.6 percent to $81.0 million from $85.0 million. The operating margin declined 3.3 percent to 17.4 percent from 20.7 percent in the period ...
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AnalysisSporting Goods Industry Scorecard 2021
Exclusive: We give you an overview of top performers by sales and profit.
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ArticleAcushnet suffers setback in Q4, but had a solid year thanks to global golf boom
The Titleist, FootJoy and Kjus parent reported a fourth-quarter operating loss of $21.9 million versus an operating profit of $27.1 million. The reported net loss was $26.4 million for the period ended Dec. 31. Quarterly revenues were essentially flat at $420.6 million versus $420.5 million. Sales in the EMEA rose ...
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Article
Acushnet tees off new year with sales surge in Q1
Acushnet Holdings reported a 42 percent jump in first-quarter revenues, boosted by strong demand for its Titleist and FootJoy products as golfers returned to the fairways after Covid lockdowns. Kjus, too, enjoyed some growth in the quarter as gains in golf and lifestyle offset a decline in skiwear. In the ...
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Article
Acushnet’s sales rise by 14%
Acushnet, the American golf company controlled by Fila Korea, had a strong finish to the year, with double-digit growth in profits and sales for the fourth quarter. After the re-opening of its production facilities and distribution centers in late May, the company saw strong sales across all segments of its ...
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