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Article Date: August 2020
Word Count: 406

Acushnet Profits Evaporate in Q2 as Sales Fall by a Third


Net income took a 94% dive to $2,313,000 from $38,488,000 in the seasonally important second quarter as revenue dropped 35% to $300,002,000 from $462,218,000. The top line improved over the quarter, down 68% in April and 52% in May before a return to growth in June at 25%. Sales fell across all segments, as Titleist golf balls were down 41% to $102.1 million from $173.3 million, clubs declined 32% to $72.4 million from $107.0 million, and golf gear was down 31% to $32.4 million from $46.8 million. FootJoy took a 40% hit to $68.3 million from $114.1 million, but KJUS ... Log in to view full article.

 


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