Acushnet shares fall after higher tariffs cut first-quarter profit
Updated
Updated · MarketWatch · May 6
Acushnet shares fall after higher tariffs cut first-quarter profit
4 articles · Updated · MarketWatch · May 6
The stock dropped 8.8% to $85.58 after net income fell to $81.4 million, or $1.36 a share, from $99.4 million, missing FactSet estimates.
Sales rose 7.1% to $753 million, beating expectations of $722.5 million, but Chief Financial Officer Sean Sullivan said $17 million in tariff costs partly offset the gain.
Acushnet, owner of Titleist and FootJoy, reaffirmed 2026 sales guidance of $2.63 billion to $2.68 billion, around analysts' $2.66 billion forecast, and its shares remain up 7.2% this year.
With tariffs eroding profits despite record sales, can Acushnet's new strategies truly protect its future earnings?
As tariffs push golf gear prices to new highs, is the sport's growth boom at risk of pricing out new players?
Acushnet's profit squeeze highlights a national trend. Is this the price of revitalizing domestic manufacturing?