Acushnet reported its Q2 earnings on Thursday and significantly outpaced analysts’ expectations with revenue at nearly $820M, up nearly 14% from the same period a year ago. The company’s total revenue came in nearly $32M ($31.7M) above consensus expectations for the quarter.
Specifically, Titleist’s golf equipment sales in the quarter totaled $545.9M, up 20% year over year, while Footjoy products were at $157.8M, up 3%. The strong equipment and apparel sales for Acushnet are in line with the overall golf boom that has continued in the post-COVID-19 years. Acushnet in the quarter also received $38M in net benefits from refunds of tariffs that were previously paid under the International Emergency Economic Powers Act.
Callaway Golf also beat Wall Street expectations in its second quarter with $612M in total revenue. Callaway’s golf equipment revenue grew 4.5% in Q2 at $430M. Overall, Callaway’s balance sheet has been transformed this year. The company had $1.4B in total debt at the end of 2025, but following its spinoff of Topgolf, it paid off $421M in debt in Q2. Callaway’s total debt at the end of June was approximately $8M.
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