Acushnet Holdings Corp.: Initiation Of Coverage – 3 Biggest Challenges In Its Path For Growth!

This is our first report on golf distributor, Acushnet Holdings Corp. The company’s 2023 performance has been buoyed by the growth of its Titleist golf balls, increased 13%, led by strong demand for its new Pro V1 models; golf ball sales increased in all regions with the U.S. and EMEA markets leading the way. Despite concerns about the EMEA region, golf balls and clubs were vibrant, affirming golfers’ trust in the quality, consistency, and game performance of the Titleist brand. Titleist golf club sales of $659 million were up 10%, attributable to healthy gains in irons and strong demand.