YETI - Acushnet Holdings: Upside Will Be More Limited From Here (Rating Downgrade)

2024-04-27 11:30:00 ET

Summary

• Acushnet Holdings Corp., owner of the Titleist brand, saw a 7.7% drop in revenue in the final quarter of 2023.
• The decline was attributed to lower sales of Titleist golf clubs and FootJoy golf wear.
• Despite the temporary weakness, the long-term outlook for Acushnet Holdings remains positive, but the stock is no longer as attractive due to increased prices.

Personally, I have never been much of a sports fan. But when it comes to physical activities that are classified as sports, my favorite has always been, by a large margin, golf. I even tried out for and got accepted into my high school golf team what seems like a lifetime ago. But at the end of the day, I ended up prioritizing my studies instead. Even after college, I enjoyed golfing from time to time, though I will admit it has been a few years since I've hit the greens. This doesn't stop me, however, from enjoying the game in other ways. And that is where two things that I enjoy, golf and business, intersect....

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