FootJoy parent Acushnet Holdings posts mixed third quarter results

FootJoy parent Acushnet Holdings posts mixed third quarter results

US group Acushnet Holdings Corp. (Acushnet) reported consolidated net sales of 649.20 million dollars for the third quarter ended September 30, 2026, representing a decrease of 1.3 percent year-over-year (YoY) and a 0.6 percent decline on a constant currency basis. The contraction was primarily driven by volume reductions across its wearable and accessory categories, which were partially balanced by momentum in technical golf ball lines.

Net income attributable to Acushnet rose 1.4 percent to 49.19 million dollars during the three months, compared to 48.51 million dollars in the prior year period. Diluted earnings per share reached 0.83 dollars, up from 0.81 dollars. Adjusted EBITDA dropped 3.3 percent YoY to 114.70 million dollars, resulting in an adjusted EBITDA margin of 17.7 percent, down from 18 percent.

For the third quarter, the FootJoy golf wear division recorded a 7.5 percent drop in net sales to 126.20 million dollars, down 7.1 percent on a constant currency basis. Acushnet attributed this downturn to lower sales volumes across all apparel and footwear product lines, though the decrease was partially offse...