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Found 2 results

  1. Selling my old carry bag and FootJoy casual spikless shoes $SOLD -Callaway Chev stand bag with 6 was divider and lots of pockets. Bag is 3 seasons old. $25- FootJoy Contour Comfort spikeless shoes. 11.5 M
  2. Rough 3rd Quarter for Acushnet/Titleist - but is it as bad as it sounds? Can this news possibly help as they prepare to go public? ACUSHNET LOSES SALES, PROFITS AND MARKET SHARE: The Acushnet Company, proud owners of Titleist and FootJoy, reported its 2015 third quarter operating results. Sales came in at $320 million, down $24.4 million from a year ago. Excluding the effects of foreign exchange rate changes, sales were down 1% versus the previous year, according to the company. Acushnet, rumored to be heading to Wall Street in 2016, generated a gross profit of $158.4 million in the reporting period, a gross profit margin of 49.5% and an operating income of $15.9 million, down 49% from the previous year. Approximately two thirds of the operating income erosion was due to foreign exchange rates, it said. Acushnet reported a net loss for the third quarter of $1.846 million. Year-to-date, the company reported sales of $1.182 billion, down $30 million on a reported basis but up 4% on a constant currency basis. It said foreign exchange rates impacted net sales by $74 million. Acushnet reported year-to-date operating income of $155.3 million, up 7%, and a 2015 cumulative net income over nine months of $60.6 million versus $58.8 million in the same period in 2014. “Year-to-date results reflect sustained performance in an industry that continues to adjust to and reflect a new reality. It is expected that as baseline participation, rounds of play and spending per golfer continue to reflect this new reality then everyone's expectations will be adjusted accordingly,” remarked Wally Uihlein, CEO of the Acushnet Company
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