After posting a 20 percent rise in sales one year ago, Fortune Brands’ golf segment, which includes Cobra, Titleist and Footjoy, reported a 4 percent decline in sales to $425.5 million in the 2nd quarter. Operating income fell by 11 percent to $82.1 million. In addition to the large growth in last year’s quarter, Fortune blamed poorer-than-expected sales of golf clubs on hightened promotional activities in the club sector and on a second season of sales for the Cobra Inertia series irons and Titleist Fairway metals. In the golf ball segment, the Titleist and Pinnacle brands were said to be in up in high single digits. The Footjoy brand also did well in the period, according to the company. Fortune expects operating income before charges to be flat to slightly off for the full year in its varied golf activities.