Net income at the parent of Titleist and Footjoy slipped 4% to $71,428,000 from $74,655,000 in the second quarter, on 1% lower revenues of $683,867,000 against $689,363,000. Participation trends were a tailwind in the U.S., where rounds of play were up 2% in the first half according to the National Golf Foundation, topping last year’s record levels. Outside the U.S., rounds declined slightly as several markets suffered from poor spring weather.

Golf ball sales grew by 4% to $247.5 million on the success of Pro V1 and Pro V1x, and the latest ... Log in to view full article.