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Article Date: March 2017
Word Count: 579

Acushnet Sees Return to Normal Golf Market This Year


Net loss narrowed to $1,336,000 from a loss of $19,679,000 in the fourth quarter as revenues gained 3% to $329,761,000 from $320,216,000 driven by a double-digit increase in club sales, but balls and footwear are still down from last year’s retail bankruptcies. U.S. sales declined 4% to $154.1 million, The weak pound and euro and the strong yen distorted international results: EMEA slipped 2% to $32.9 million but was up 9% constant currency, Japan jumped 32% (+14% CC) to $63.8 million boosted by new club releases and Korea gained 12% (+11% CC) to $42.0 million, while RoW was off 9% ... Log in to view full article.

 


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