Acushnet Holdings Corp is a leading manufacturer and marketer of premium golf equipment and accessories
The company is best known for its flagship brand, Titleist, which is synonymous with high-quality golf balls, clubs, and other golfing gear. Additionally, Acushnet produces the FootJoy brand, renowned for its performance footwear and apparel catering to golfers. Through innovative design and advanced technology, Acushnet aims to enhance the golfing experience for players of all skill levels, making it a prominent player in the golf industry.
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Acushnet trades at $71.09 per share and has stayed right on track with the overall market, gaining 9.8% over the last six months. At the same time, the S&P 500 has returned 7.7%.
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Golf equipment and apparel company Acushnet (NYSEGOLF) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 4.6% year on year to $620.5 million. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $2.48 billion at the midpoint. Its GAAP profit of $0.89 per share was 12.9% above analysts’ consensus estimates.
The market has come under pressure in recent days. It can make it very easy for the bears to now look back and give their “I told you so” speeches. Most of them have been watching the whole run, pulling their hair out and screaming at the screen.
Tiger Woods dropped a bombshell on the sports world Monday, officially announcing that he will be ending his partnership with Nike Inc (NYSENKE) after more than 25 years as a sponsor
The Zacks Leisure and Recreation Products industry comprises companies that provide amusement and recreational products, swimming pools, marine products, golf courses, boat repair and maintenance services and other ancillary services.
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