Solid Start to 2025
Acushnet delivered worldwide net sales of $703 million, a 1% increase over last year. Golf equipment net sales increased almost 4% in the quarter with gains in every region, led by new product launches.
Titleist Golf Ball and Club Growth
Titleist Golf Ball business grew 4%, with EMEA region up double digits. Titleist Golf Club business grew 4% versus last year and 15% on a reported basis compared to Q1 2023.
Positive Regional Market Performance
EMEA grew 4% with gains from all segments, and Japan and Korea's conditions improved in March and April, despite initial slow starts.
Effective Tariff Mitigation Strategies
Acushnet expects to mitigate over 50% of the $75 million gross tariff impact in 2025 through supply chain adjustments and vendor negotiations.