Golfers Tighten Belts, Hurting Acushnet

2009-08-11T00:00:00

Acushnet, the golf unit of Fortune Brands that includes Cobra, Titleist and FootJoy, saw a 19.1 percent drop in sales to $365.8 million in the second quarter ended June 30. The operating profit fell by 36.0 percent to $43.6 million. The company said that European and American golfers were spending ...

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