Acushnet Reports Q1 Revenue of $753M, Beating Expectations
Reports Q1 revenue $753.0M, consensus $722.48M. "I am pleased to report on Acushnet's solid first quarter as our global teams did great work launching a broad lineup of new products across our Titleist, FootJoy and KJUS brands. Constant currency net sales increased 5% during the quarter, led by increased volumes in our golf equipment segment." said CEO David Maher. "New Titleist Pro V1x Left Dash, AVX, Tour Soft and Velocity golf balls, Vokey SM11 wedges and Scotty Cameron putters, Players golf bags and FootJoy Pro/SL and Premiere golf shoes are well positioned in golf shops around the globe as most regions enter the heart of their golf season. Worldwide rounds of play posted another year-on-year gain in Q1 pointing to healthy participation trends and the overall structural health of the golf industry. I would like to thank my Acushnet teammates and our valued trade partners for their dedication and great work which supports our continued investment in future opportunities as we seek to generate long term value for golfers and our shareholders."
