Latest news with #Acushnet
Fibre2Fashion
20-05-2025
- Business
- Fibre2Fashion
South Korea's Misto Holdings Q1 FY25 revenue rises 4.6% to $892.8 mn
South Korea's sports apparel company Misto Holdings, formerly Fila Holdings, has reported a consolidated revenue of 1.24 trillion won (~$892.8 million), up 4.6 per cent year-over-year (YoY) in the first-quarter (Q1) of 2025. The company's operating profit rose to 162.7 billion won (~$117.15 million). Misto Holdings has reported a revenue of 1.24 trillion won (~$892.8 million), up 4.6 per cent YoY in Q1 2025, with operating profit at 162.7 billion won (~$117.15 million). Acushnet divisions' revenue rose 8.7 per cent on strong golf product sales. The Misto division saw 215.7 billion won in revenue, driven by domestic footwear and online DTC growth. It continues investing in brand value. By business segment, the Acushnet division recorded revenue of 1.02 trillion won, up 8.7 per cent YoY maintaining a solid position based on strong sales of new Pro V1/Pro V1x and continued momentum in golf clubs. Meanwhile, Acushnet delivered improved performance in Q1 despite rising raw material prices, weakening consumer sentiment, and policy uncertainties such as US tariffs, Misto Holdings said in a press release. The Misto division posted revenue of 215.7 billion won, supported by strong domestic footwear sales and diversification of online DTC channels, even amid economic downturn. The company is making multifaceted efforts to enhance brand value over the long term, including strengthening product competitiveness and increasing marketing investment. Fila's footwear franchise, particularly the Echappe series and the traction from the 2030 consumers increased significantly, receiving a positive response in the market. Misto group's diversified brand business portfolio—including royalties and joint ventures—also continues to show steady performance. 'Despite global policy uncertainties such as US tariffs and weak consumer sentiment at home and abroad, sustained growth within our diversified business portfolio supported our overall business performance growth. Misto group will continue to focus on performance improvement and brand value enhancement,' said Ho Yeon (Aaron) Lee, chief financial officer (CFO) at Misto Holdings. Fibre2Fashion News Desk (SG)
Yahoo
17-05-2025
- Business
- Yahoo
Fila Parent Company Misto Holdings Reports Q1 Revenue Gains Despite Tariffs
Fila parent company Misto Holdings delivered growth in the first quarter despite the ongoing uncertainty around U.S. tariff policies. According to the South Korean company, consolidated revenue in Q1 2025 increased 4.6 percent to 1.24 trillion won from the same time last year. Operating profit in the first quarter was 162.7 billion won. More from WWD Asics Saw 'Significant Growth' in Sportstyle, Performance Running Sneakers in Q1 Birkenstock's Not Worried About Tariffs - Here's Why Dillard's Reports Drop in Net Income, Sales in Q1 The company noted the growth in Q1 was 'backed by strong performance of its U.S. golf subsidiary despite difficult macroeconomic conditions.' By business segment, the Acushnet division, the company's U.S. golf subsidiary, recorded revenue of 1.02 trillion won, up 8.7 percent compared to the same period last year. Misto noted that the division maintained a solid position based on strong sales of new Pro V1/Pro V1x and continued momentum in golf clubs. Acushnet also delivered improved performance in the first quarter despite rising raw material prices, weakening consumer sentiment, and policy uncertainties such as U.S. tariffs. Golf balls—used by 75 percent of professional tours worldwide and 68 percent of tour winners—along with clubs and gear, continued to show year-over-year growth, serving as a key driver of performance. The Misto division, which includes the Fila brand, posted revenue of 215.7 billion won in Q1. The company said the sales figure was supported by strong domestic footwear sales and diversification of online direct-to-consumer channels, even amid economic downturn. The company added that it's making multifaceted efforts to enhance brand value over the long term, including strengthening product competitiveness and increasing marketing investment. This can be seen in Fila's footwear franchise, particularly the Echappe series, received a positive response in the market. Ho Yeon (Aaron) Lee, chief financial officer of Misto Holdings, said in a statement that despite global policy uncertainties such as U.S. tariffs and weak consumer sentiment at home and abroad, sustained growth within its diversified business portfolio supported the company's overall business performance growth. 'Misto Group will continue to focus on performance improvement and brand value enhancement,' Lee said. This news comes as Misto Holdings has undergone some changes in recent months. In April, shareholders agreed to rename the company from Fila Holdings Corp. to Misto Holdings as part of a larger refocus on the business. The company said at the time that the change aimed to 'further solidify its position as a global brand portfolio company' citing that its previous name was closely associated with the Fila brand, which led to a 'limited perception' of its broader portfolio and global brand management role. (In addition to Fila, Misto Holdings also manages brands such as Titleist, FootJoy, Scotty Cameron and many others.) In fiscal 2024, the company saw consolidated revenue reach 4.27 trillion won, a 6.5 percent year-on-year increase from 2023. Originating from the sportswear brand Fila, founded in Italy in 1911, Misto Holdings acquired Fila's global business in 2007 and became a publicly traded entity on the Korean stock market in 2010. In 2011, the company expanded further with the acquisition of Acushnet Holdings Corp., home to premium golf brands such as Titleist, FootJoy, Scotty Cameron, Kjus and Vokey. Best of WWD Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos] Crocs Collaborations From Celebrities & Big Brands You Should Know Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Indonesia Golf Equipment Market Focused Insights Report 2025-2030 with Exclusive Data on 22 Vendors Including Acushnet, Callaway, PING, Sumitomo Rubber Industries, and TaylorMade
The Indonesia golf equipment market report consists of exclusive data on 22 vendors. The market is moderately concentrated, with a mix of global brands, regional players, and a few local distributors and retailers. International brands dominate the premium segments, while local and regional players cater to budget-conscious or entry-level golfers. Indonesian Golf Equipment Market Dublin, May 15, 2025 (GLOBE NEWSWIRE) -- The "Indonesia Golf Equipment Market - Focused Insights 2025-2030" report has been added to Indonesia Golf Equipment Market was valued at USD 815.97 Million in 2024, and is projected to reach USD 1.08 Billion by 2030, rising at a CAGR of 4.94% The Indonesian golf equipment market is moderately competitive, with a clear dominance of global vendors like Acushnet, Callaway, PING, Sumitomo Rubber Industries, and TaylorMade. These companies compete aggressively in the premium and mid-tier segments, focusing on innovation, performance enhancement, and brand loyalty. Product variety is essential in capturing a diverse golfing population from seasoned professionals to casual weekend players. Vendors are focusing on offering a wide spectrum of products. A robust mix of online and offline channels helps brands reach both urban and emerging golf regions. INDONESIA GOLF EQUIPMENT MARKET TRENDS & DRIVERS Growing Demand for CustomizationThe rise in golf has created a demand for customization of golf equipment. Indonesian golfers now demand more and more equipment that aligns with their swing tendencies, body sizes, and game styles. Custom-fit clubs allow the player to adjust club length, lie angle, shaft stiffness, and grip diameter to produce ultimate performance. Custom fitting feels better and may produce improved game results, which further enhance the performance of players. Manufacturers are leveraging technologies like 3D printing to make customized equipment options available. They enable highly customizable specifications, from clubhead design to shaft composition, tailored to the slight requirements of single golfers. The customization in golf equipment creates a market opportunity for buyers to invest in golf equipment that aligns with their gaming style. Retail digitalization has given way to creating web platforms upon which golfers have the option of creating equipment online. Younger golfers lead the charge in demanding equipment that captures their uniqueness and personalities. They demand uniqueness and would sooner possess equipment with characteristics in the aspect of form as Golf Equipment & SimulatorsOne of the most thrilling golf technology innovations is the development of smart golf balls. These advanced balls contain microchips that track important statistics like distance, speed, and spin rate. Immediately after a shot, players can view performance statistics through a smartphone app, providing real-time feedback without the need for cumbersome tracking devices. This allows golfers to analyze and enhance their game with increased accuracy and ease. Topgolf Ball offers microchip-embedded golf balls that provide data regarding speed, spin rate, and launch angle. The use of indoor golf simulators is becoming increasingly popular in Indonesia. Indoor golf simulators provide a virtual golf experience, allowing golfers to hone and enhance their game throughout the year. Augmented reality (AR) glasses are also starting to leave their mark on the course. Smart glasses superimpose digital information directly onto the golfer's line of sight showing data like distance to the pin, wind, and elevation changes. Artificial intelligence-driven golf swing training is revolutionizing the manner in which golfers perfect their game. By using advanced golf technology, it provides customized tips and practice exercises based on individual strengths and weaknesses. These smart tools improve performance by suggesting real-time adjustments, allowing golfers to improve their game with accuracy and effectiveness. Therefore, the use of smart technology in golfing equipment is likely to continue expanding in in Interest in Golf as a Premium SportIn Indonesia, golf is seen in relation to wealth and status. The expensive nature of the sport, such as membership rates, equipment, and access to golf courses, places the sport within reach of the wealthy people. This status contributes to the allure of individuals who want to associate themselves with a high-end lifestyle, thus raising participation levels and, by extension, demand for high-end golf equipment. Broadcasting global golf competitions such as the Masters Tournament and PGA (Professional Golfers' Association) Tour have enhanced the popularity of the game in Indonesia. Awareness of professional-level competitions instills interest and ambitions among the local population, which leads to greater participation and an affinity for top-quality equipment to match the use by professionals. Urbanization and limited access to traditional golf courses have led to indoor golf training facilities and simulators in Indonesian cities. They are accessible locations for the game, introducing new participants to the sport and sustaining interest among existing participants. The growth of such facilities works to generate demand for golf equipment tailored for indoor in Golf Courses and ResortsThe increase in the number of golf courses and resorts in Indonesia is a significant factor in generating demand for golf equipment. The growth has a ripple effect in various segments of the golf equipment market due to greater accessibility, tourism, and lifestyle changes. Indonesia has also experienced consistent development of golf courses, particularly in tourist areas such as Bali, Jakarta, Surabaya, and Bandung. Most of them are complemented by luxury resorts and real estate developments. Bali National Golf Club and Nirwana Bali Golf Club are two well-known courses both in the domestic market and abroad, welcoming local and international players. New courses such as Palm Hill Golf Club or Damai Indah Golf extend reach into urban and suburban markets. As additional golf courses are constructed, golf is more within reach, and more recreational and beginner golfers participate. Increasing golf courses in Indonesia is not just an infrastructure matter, it's about developing a culture and economy based on golf. The more people are involved, whether through tourism, recreation, or sport, the more equipment demand naturally GOLF EQUIPMENT MARKET RESTRAINTS Inclination Towards Alternative SportsIndonesia has a young and energetic population that is more attracted to faster-paced, social, and convenient sports like badminton, futsal, basketball, and even new pursuits like skateboarding and e-sports. Such sports suit the urban millennials and Gen Z better, who prioritize convenience, social media interaction, and online connectivity. Golf, by contrast, tends to be regarded as a slow-moving and individual game with a need for extensive hours, costly equipment, and coverage of certain courses, factors that are unattractive to the younger generation interested in instant pleasure and social activities. This lack of interest reduces the influx of new participants into the game, which in turn affects demand for golfing equipment. Badminton is Indonesia's most popular sport, being a national sport and Indonesian pride. Badminton is widely played in villages, schools, and city courts, and is very much part of Indonesian culture. Moreover, football is the country's one of the most watched sports, with enthusiastic supporters for local and international clubs. KEY QUESTIONS ANSWERED How large is the Indonesia golf equipment market? Who are the major players in the Indonesia golf equipment market? What are the factors driving Indonesia golf equipment market growth? What is the growth rate of the Indonesia golf equipment market? Key Attributes: Report Attribute Details No. of Pages 75 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $815.97 Million Forecasted Market Value (USD) by 2030 $1080 Million Compound Annual Growth Rate 4.9% Regions Covered Indonesia Key Takeaways By Product Type: The golf clubs segment holds the largest market share of over 47% in 2024, as they are the most essential and performance-critical equipment used in the game of golf. By Distribution Channel: The online channel segment shows the highest growth of 5.74%. Home delivery convenience, hassle-free returns, and being ability to create equipment customized online have huge significance for the marketplace. By End-Users: The male golfer segment held the largest market share. Golf has traditionally been a male sport in Indonesia, particularly among the rich, professionals, and expatriates. Growth Factor: The Indonesia golf equipment market is set to grow due to an increase in golf courses and resorts and the rising popularity of golf tourism & recreational activity. Key Vendors Acushnet Callaway PING Sumitomo Rubber Industries TaylorMade Other Prominent Vendors Bridgestone Golf COBRA Golf Decathlon EPON Golf Grand Golf HONMA Golf Kasco Krank Golf Kyoei Golf MAJESTY GOLF Miura Golf ONOFF Polara Golf Parsons Xtreme Golf (PXG) T.P. Mills Tsuruya Golf Yamaha Corporation Segmentation By Product Type Golf Club Golf Balls Others By Distribution Channel Offline Online By End-user Male Golfers Female Golfers For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Indonesian Golf Equipment Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
07-05-2025
- Business
- Business Wire
Acushnet Holdings Corp. Announces First Quarter 2025 Financial Results
FAIRHAVEN, Mass.--(BUSINESS WIRE)--Acushnet Holdings Corp. (NYSE: GOLF) ('Acushnet') published its first quarter 2025 financial results on May 7, 2025. The results are available via the Acushnet Investor Relations ( and the U.S. Securities and Exchange Commission ( websites. Acushnet will hold a conference call for investors at 8:30 a.m. Eastern Time on May 7, 2025 to review the first quarter 2025 financial results. A live webcast of that call will be available on the Acushnet Investor Relations website and a replay will be available shortly after the conclusion of the live event. ABOUT ACUSHNET HOLDINGS CORP. We are the global leader in the design, development, manufacture and distribution of performance‑driven golf products, and these products are widely recognized for their quality excellence. Driven by our focus on dedicated and discerning golfers and the golf shops that serve them, we believe we are the most authentic and enduring company in the golf industry. Our mission—to be the performance and quality leader in every golf product category in which we compete—has remained consistent since we entered the golf ball business in 1932. Today, we are the steward of two of the most revered brands in golf—Titleist, one of golf's leading performance equipment brands, and FootJoy, one of golf's leading performance wearable brands. Additional information can be found at
Yahoo
06-05-2025
- Business
- Yahoo
Acushnet Earnings: What To Look For From GOLF
Golf equipment and apparel company Acushnet (NYSE:GOLF) will be reporting earnings tomorrow before the bell. Here's what investors should know. Acushnet missed analysts' revenue expectations by 2.1% last quarter, reporting revenues of $445.2 million, up 7.8% year on year. It was a strong quarter for the company, with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Is Acushnet a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Acushnet's revenue to decline 1.3% year on year to $698.2 million, a reversal from the 3.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.36 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Acushnet has missed Wall Street's revenue estimates five times over the last two years. Looking at Acushnet's peers in the leisure products segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Harley-Davidson's revenues decreased 23.1% year on year, missing analysts' expectations by 1.2%, and Brunswick reported a revenue decline of 10.5%, topping estimates by 7.9%. Harley-Davidson traded up 5% following the results while Brunswick was also up 3.6%. Read our full analysis of Harley-Davidson's results here and Brunswick's results here. There has been positive sentiment among investors in the leisure products segment, with share prices up 9.2% on average over the last month. Acushnet is up 11.4% during the same time and is heading into earnings with an average analyst price target of $69.29 (compared to the current share price of $65.76). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
