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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. â€œYear-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,â€ remarked Wally Uihlein, CEO of the Acushnet Company