Stock Track | Acushnet Holdings Soars 6.52% as Q3 Sales Beat Expectations, Boosted by Strong Golf Equipment Demand

Stock Track11-05

Shares of Acushnet Holdings Corp. (GOLF) surged 6.52% in pre-market trading on Wednesday following the release of its third-quarter 2025 financial results, which exceeded analyst expectations. The company, known for its golf equipment and apparel brands such as Titleist and FootJoy, reported robust sales growth driven by strong demand for golf equipment and higher pricing.

Acushnet announced third-quarter net sales of $657.7 million, representing a 6% increase year-over-year and surpassing the analyst consensus estimate of $633 million. The company attributed this growth primarily to higher average selling prices in golf clubs and increased sales volumes in footwear and golf gloves. Despite the sales increase, net income for the quarter fell 13.7% to $48.5 million, with earnings per share of $0.81, slightly missing the analyst estimate of $0.82.

In light of the strong performance, Acushnet updated its full-year 2025 revenue outlook to between $2,520 million and $2,540 million, signaling continued optimism in the golf industry. The company also declared a quarterly cash dividend of $0.235 per share of common stock, further boosting investor confidence. As the golf equipment market continues to show resilience, Acushnet's ability to leverage its brand strength and adapt to market demands appears to be resonating well with investors, contributing to the significant stock price increase.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment