ASIAN GOLF INDUSTRY FEDERATION

Acushnet Reports Robust Financial Figures

London, England: Acushnet Holdings, owners of the Titleist, FootJoy and KJUS brands, has reported its financial results for the second quarter and for the first six months of the year, ending June 30.

Among the headline figures, year-to-date net sales of US$1,205 million for the last six months were up 70% year on year, up 64% on the same period for 2020 and up 34% compared to 2019.

Net sales in the United States increased by 117% in the second quarter driven by an increase of US$65 million in Titleist ball sales, an increase of US$43 million in FootJoy golf wear, and an increase of US$41 million in Titleist clubs.

“Demand across all Acushnet product categories remains robust and contributed to another terrific quarter for the company,” said David Maher, Acushnet Company’s President and Chief Executive Officer.

He added: “Our strong performance was led by sales across our product portfolio, including new Titleist Pro V1 and Pro V1x golf balls, TSi drivers, and our FootJoy and KJUS brands.

“We look forward to building on our momentum in the second half with a wide range of product introductions led by new Titleist T Series irons and new FJ footwear and HydroKnit outerwear.

“As we move into the second half of 2021 and see escalating positive Covid-19 cases in many regions, our highest priority remains the health and safety of our associates. While we expect golfer engagement to remain healthy, we do expect to face various levels of disruption within our supply chain.

“My Acushnet team-mates are skilled at adapting and I have the utmost confidence in their ability to navigate these uncertainties with excellence as we seek to deliver the highest quality products and services to our trade partners and dedicated golfers around the world.”

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