• Acushnet sales up in Q3, but profit dips
    Article

    Acushnet sales up in Q3, but profit dips

    2024-11-12T10:41:00Z

    Titleist golf ball sales rose by 18.2 percent to $213.9 million year-over-year, helped by the introduction of new GT drivers and Fairway metals.

  • Golf balls and the US drive Acushnet in Q2
    Article

    Golf balls and the US drive Acushnet in Q2

    2024-08-07T10:29:00Z

    For the Titleist and FootJoy parent, net income declined by 4.3 percent to $71.4 million from $74.7 million, but gross margin improved by 90 basis points. 

  • Acushnet pleased with golf’s resilience across the EMEA
    Article

    Acushnet pleased with golf’s resilience across the EMEA

    2024-03-05T09:01:00Z

    Acushnet Holdings, the Titleist, FootJoy and Kjus parent, is impressed with golf’s resilience across the region, particularly in the UK, despite experiencing a 1.4 percent constant-currency decline in FY23 EMEA sales to $314.7 million when up against 20 percent growth in FY22. In Q4, the group’s EMEA sales dropped by ...

  • SGI Europe Executive Edition: Vol 34 - 17+18
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    SGI Europe Executive Edition: Vol 34 - 17+18

    2023-05-10T18:43:00Z

    Adidas begins “bumpy year” with flat revenues, big operating income decline | Surge in Asian markets bolsters Asics in Q1 | Under Armour’s new CEO establishes strategy as latest earnings announced | Peloton makes more strides, prepares app and brand relaunch | Columbia’s Q1 revenues bolstered by early spring shipments, DTC channel | Topgolf Callaway beats Q1 forecasts but trims FY estimates as venue bookings slip | JD Sports Fashion proposes acquisition of Courir | Skechers raises full-year guidance after strong Q1, but braces for domestic wholesale headwinds | Long-term growth outlook for Champion is solid despite current challenges | Stormberg and XXL enter into a strategic partnership | Crocs raises FY revenue outlook, banking on markets outside U.S. to pace growth | Alpargatas looks to boost efficiency, seeks new CEO as sales and margins decrease in Q1 | Acushnet Holdings posts solid results in seasonally strong quarter | Garmin with losses in EMEA and gains in Americas, sticks to FY outlook | Moncler Q1 revenues driven by DTC; new CEO for Stone Island | Vulcabras posts strong Q1 results

  • Acushnet Holdings posts solid results in seasonally strong quarter
    Article

    Acushnet Holdings posts solid results in seasonally strong quarter

    2023-05-05T15:29:00Z

    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 ...

  • Titleist and Kjus parent Acushnet appoints new EVP/CFO
    News briefs

    Titleist and Kjus parent Acushnet appoints new EVP/CFO

    2023-04-11T12:25:00Z

    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 ...

  • Short stops

    Short Stops Week 13, 2023

    2023-03-27T06:22:00Z

    EXECUTIVE CHANGES +++ Troy Brown, the president of North America of Zumiez Inc., will retire on June 30, 2023 +++ According to media reports, Thomas Pacheco notified Acushnet Holdings Corp. of his intention to resign as the company’s executive vice president, chief financial officer and chief accounting officer effective Aug. ...

  • Acushnet FY22 sales rise by double digits in all categories
    Article

    Acushnet FY22 sales rise by double digits in all categories

    2023-03-02T16:25:00Z

    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 ...

  • Acushnet raises constant currency growth guidance but sees significant forex headwinds
    Article

    Acushnet raises constant currency growth guidance but sees significant forex headwinds

    2022-11-04T15:40:00Z

    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 ...

  • Acushnet sees supply chain constraints hamper results
    Article

    Acushnet sees supply chain constraints hamper results

    2022-05-06T14:54:00Z

    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 ...