Acushnet Q2 sales beat estimates after new product launches

Acushnet Holdings

06/08/2026 11:18

Overview
Golf equipment maker's Q2 net sales rose 13.8%, beating analyst expectations
Q2 net income jumped 65%, helped by IEEPA tariff refunds and new product launches
Adjusted EBITDA for Q2 climbed 45.8% year over year

Outlook
Acushnet sees 2026 net sales of $2.65 bln to $2.675 bln
Company expects 2026 adjusted EBITDA of $450 mln to $470 mln
Outlook includes about $30 mln in net IEEPA tariff refunds for 2026

Result Drivers
NEW PRODUCT LAUNCHES - Co said Q2 results benefited from early launch of Titleist GTS drivers and fairways, with strong adoption on professional tours
TARIFF REFUNDS - Net income and adjusted EBITDA were favorably impacted by refunds of tariffs previously paid under IEEPA
HIGHER AVERAGE SELLING PRICES - Co cited higher average selling prices across all product categories in FootJoy golf wear and Golf gear as drivers of segment growth

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$820 mln
$788.24 mln (7 Analysts)
Q2 Net Income
 
$124.80 mln
 
Q2 Adjusted EBITDA
 
$208.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the recreational products peer group is "buy."
Wall Street's median 12-month price target for Acushnet Holdings Corp is $98.50, about 4.5% below its August 5 closing price of $103.15
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 25 three months ago

Reuters Recommended Reads
Aug 5 - US refunds $100 billion in tariffs struck down by Supreme Court, filing shows
Aug 4 - Weyco Q2 net earnings surge on tariff refunds
Aug 5 - Holley Performance Brands slightly misses Q2 sales estimates, reiterates 2026 guidance

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)