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Article Date: May 2024
Word Count: 381

Acushnet Guides for Mid-Singles Sales and Profit Gains

The Titleist and Footjoy parent’s net income attributable to shareholders slipped 6% on rising costs, tallying $87,762,000 against $93,275,000 in the seasonally important first quarter. Revenues increased 3% to $707,554,000 from $686,290,000, as strong hardgoods sales more than offset declines in gear and apparel. The U.S. market drove top line gains, improving 13% to $418.2 million, including 21% higher club revenues, a 16% increase in balls, and 14% higher gear sales. Elsewhere, EMEA slipped 3% (-5% CC) while Japan tumbled 20% (-10% CC), Korea fell 15% (-12% CC), and Rest of ... Log in to view full article.


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