Net income rose 33% to $55,312,000 from $40,877,000 for the period ended Mar. 31 on 22% top line growth to $351,874,000 from $287,756,000. Gross margin grew an impressive 150 b.p. to 46.9% as the brand realized double-digit revenue growth in all product categories with the exception of putters. Operating profit was up 117% in golf balls at $11.7 million on 24% sales growth to $52.7 million. Golf club profits increased 40% to $62.7 million on 22% top line improvement to $299.2 million. Geographically, there were double-digit revenue gains in the four major areas led by 36% (51$ C$) in Japan ... Log in to view full article.