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Acushnet Q3 sales slightly miss estimates as weaker FootJoy volumes weigh

By Reuters News


Overview

  • Golf products maker's Q3 net sales down 1.3% yr/yr, a slight miss versus analyst expectations

  • Q3 net income rose 1.4% yr/yr

  • Adjusted EBITDA for Q3 fell 3.3% yr/yr


Outlook

  • Company reaffirms full-year 2026 net sales guidance of $2.65 bln to $2.675 bln

  • Company narrows 2026 Adjusted EBITDA guidance to $455 mln-$470 mln from $450 mln-$470 mln

  • Company expects 2026 net sales to rise 3.3%-4.2% on constant currency basis


Result Drivers

  • SEGMENT MIX - Lower sales in FootJoy golf wear and Golf gear, mainly from lower volumes, partly offset by higher sales in Titleist golf equipment and golf balls

  • PRODUCT LAUNCHES - Higher volumes of new GTS drivers and fairways and higher prices for Pro V1 golf balls boosted Titleist equipment sales, partly offset by lower T-Series irons volumes

  • US MARKET - Lower US sales mainly from declines in FootJoy golf wear and Golf gear, partly offset by gains in Titleist equipment


Company press release: Full Story


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Slight Miss*

$649.20 mln

$652.33 mln (7 Analysts)

Q3 Net Income

$49.20 mln

Q3 Adjusted EBITDA

$114.70 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the recreational products peer group is "buy."

  • Wall Street's median 12-month price target for Acushnet Holdings Corp is $97.00, about 11% above its November 3 closing price of $87.41

  • The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 25 three months ago


Reuters Recommended Reads

  • Nov 3 - Latham Group's Q3 sales rise; narrows FY sales forecast

  • Nov 3 - Vital Farms Q3 revenue misses estimates; cuts FY forecast

  • Nov 3 - LGI Homes Q3 adjusted EPS beats on higher closings, cost controls


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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