Golf remains “structurally healthy”, Acushnet CEO insists
Golf equipment, footwear and clothing group Acushnet Holdings has reported revenues of $703.4 million for the first quarter of 2025.
This figure is down by 4.2% compared to the same quarter last year, but chief executive, David Maher, said the group had had a good start to 2025 and was well positioned to do well in the spring and summer months, the peak golf season in the northern hemisphere.
New products in golf shops across the world include Pro V1 and Pro V1x golf balls from Titleist, GT drivers, fairway woods and hybrid clubs, Scotty Cameron Studio Style putters and FootJoy HyperFlex golf shoes.
Mr Maher said: “The golf industry remains structurally healthy, with the number of participants growing.”
He said the group was in a position to leverage its “regionally diverse supply chain and manufacturing capabilities” to manage the uncertain tariff situation well.
The group gave unaudited figures in its breakdown by segment, with Titleist golf equipment contributing $421.1 million, of which $213.3 million came from sales of golf balls, and $207.8 from sales of clubs, growth of 5.3% and 3.9% respectively.
Sales of FootJoy shoes and other products brought in $178.4 million in the first quarter of this year, a fall of 12.7%. The group also attributed revenues of $71 million to other golf gear.
