Acushnet Shares Decline After Lower 1Q Profit Amid Higher Tariff Costs

Dow Jones05-07

By Chris Kuo

Acushnet shares fell after the company posted a lower first-quarter profit amid higher tariff costs.

Shares of the golf products company, which owns the Titleist and FootJoy brands, declined 8.8% on Wednesday to $85.58. The company's shares are still up 7.2% year to date.

Acushnet had a first-quarter profit of $81.4 million, or $1.36 a share, down from $99.4 million, or $1.62 a share, a year earlier. Analysts polled by FactSet were expecting $1.40 a share.

Sales rose 7.1% to $753 million. Analysts expected sales of $722.5 million. Acushnet's boost in first-quarter sales was partially offset by higher tariff costs of $17 million, said Chief Financial Officer Sean Sullivan.

The company reaffirmed its full-year 2026 outlook. It expects sales to be between $2.63 billion and $2.68 billion. Analysts expect sales of $2.66 billion.

(END) Dow Jones Newswires

May 06, 2026 12:36 ET (16:36 GMT)

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