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Article Date: March 2023
Word Count: 601

Acushnet Nears Breakeven in Q4, Sets Sales Record for 2022

In the fourth quarter, GOLF’s net loss narrowed to $58,000 from a loss of $26,434,000 on sales that increased 6% to $447,404,000 from $420,566,000 and would have been up 14% constant currency, hurt by the strong dollar against the Euro, Yen and Won. Titleist golf ball sales increased 6% to $132.4 million with sales volume up across all models. Clubs grew 22% to $130.7 million as sales volumes got a boost from the Q3 launches of TSR drivers and fairways. Golf wear also posted a double-digit gain, up 16% to $32.4 ... Log in to view full article.


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