Acushnet Grows on New Club Launches
Net income slipped 2% to $56,224,000 from $57,307,000 for the third quarter on sales that were up 5% to $620,501,000 from $593,381,000 driven by new club sales. Titleist golf balls dipped 1% to $190.6 million on lower volumes in performance models, softened by continued momentum in the Pro V1 in a non-launch year. The results came in line with H2 guidance as DTC and wholesale partner work down inventories to make room for Jan.’s 25th anniversary Pro V1 launch. Golf club sales jumped 18% to $213.9 million on GT driver and ... Log in to view full article.