Newton Motion shafts now available in 50 of Japan's largest golf retailers and through GDO, the country's leading e-commerce platform CAMARILLO, CA, Oct. 15, 2024 (GLOBE NEWSWIRE) -- NEWTON GOLF Company (Nasdaq: SPGC) ("NEWTON GOLF" or the "Company"), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announces the launch of its Newton Motion shafts in Japan. Now available in 50 of the largest retail go ...

Core Insights - NEWTON GOLF has launched advanced Newton Motion shafts designed for elite golfers with higher swing speeds, expanding its product portfolio [1][2] - The new shafts include 6.5-dot and 7-dot options, catering to swing speeds of 110-120 mph and exceeding 120 mph respectively [2] - The shafts are priced at $275 each and are sold "ready to play" with included grip and adapter [3] Product Specifications - 6.5-DOT: 300 cpm, 3.4 Torque, 76g, for swing speeds of 110-120 mph [2] - 7-DOT: 320 cpm, 3.1 Torque, 79g, for swing speeds exceeding 120 mph [2] - The shafts feature four essential technologies: Elongated Bend Profile, Kinetic Storage Construction, Newton Symmetry 360 Design, and Variable Bend Profile [3] Market Position and Growth - The new shafts have gained traction among top players on the PGA TOUR Champions, indicating strong market interest [2] - The company aims to manufacture and assemble most products in the United States and is expanding into golf apparel and related product lines [6] - Future expansions may include mergers, acquisitions, or internal developments to complement its premium brand [7]

Gravity, the putter division of parent company NEWTON GOLF, introduces five putters in its new premium series CAMARILLO, CA, Sept. 25, 2024 (GLOBE NEWSWIRE) -- NEWTON GOLF, (Nasdaq: SPGC) ("NEWTON GOLF" or the "Company"), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, builds on its recent rebranding with the launch of three new putter models and two redesigned classics in its newly formed Gravity Pr ...

Acushnet Holdings Corp. (GOLF) is likely to benefit from strong demand, new product launches and operational improvements. However, elevated expenses are a concern. Factors Driving GOLF Stock Acushnet continues to benefit from the overall strength of the golf industry. The resurgence in golf participation post-pandemic has created a solid foundation for sustained growth. In the United States, rounds of golf were up 2% in the first half of the year, contributing to the company's 7% growth in the region. Heal ...

The Zacks Leisure and Recreation Products industry faces challenges due to high inflation and elevated interest rates. Nevertheless, there is a positive trend in sales of fitness products, driven by growing health and fitness awareness and strong boat sales. Industry participants — which design, market, retail and distribute products for the outdoor and recreation market — are witnessing solid demand. Stocks like Acushnet Holdings Corp. (GOLF) , On Holding AG (ONON) and Peloton Interactive, Inc. (PTON) are ...

Financial Data and Key Metrics Changes - Acushnet reported net sales of $684 million for Q2 2024, a 1% year-over-year increase, primarily driven by gains in Titleist Golf Balls [5] - Adjusted EBITDA for Q2 was $131 million, down $1.1 million from the previous year [5] - For the first half of 2024, net sales reached $1.39 billion, up 2%, while adjusted EBITDA also increased by 2% to $285 million [5][12] - Gross profit for Q2 was $372 million, up 1% compared to 2023, with a gross margin of 54.4%, an increase of 90 basis points year-over-year [13][14] Business Line Data and Key Metrics Changes - Titleist Golf Balls and Golf Clubs saw growth of 7% and 5% respectively in the first half of 2024 [6] - Titleist Golf Balls performed particularly well, achieving double-digit gains in the U.S. and growth in Korea [6] - Titleist Golf Clubs sales increased by 22% compared to the first half of 2022, with strong demand for new products [7] - FootJoy Golf Wear segment experienced a decline in net sales in the Rest of World region [13] Market Data and Key Metrics Changes - The U.S. market grew by 7% in the first half, driven by strong performance in golf balls and apparel [8] - Rounds of play in the U.S. were up 2%, despite poor weather conditions affecting early season traffic [8] - In Europe, rounds were down high single digits due to cold and wet weather, impacting sales across all business lines [8] - Korea's premium apparel market is expected to remain soft in the near term due to inventory corrections [9] Company Strategy and Development Direction - Acushnet is focused on product launches, including new Titleist GT Metals and seasonal collections for FJ and KJUS [11] - The company is leveraging its strong balance sheet for disciplined capital allocation and investments in business growth [11] - Management expressed confidence in the company's ability to execute long-term goals and maintain brand momentum [10] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the overall health of the golf industry, particularly in the U.S. market [20] - There are concerns about the apparel market in Asia, particularly in Korea, which is experiencing a correction [22] - The company expects third-quarter net sales to exceed 50% of second-half totals, driven by product launches and strong demand [18] Other Important Information - Acushnet's inventory position improved, declining 22% from Q4 2023 and 10% from Q1 2024 [15] - The company returned approximately $101 million to shareholders in the first half of 2024, including share repurchases and dividends [16] - Full-year 2024 net sales outlook is reaffirmed at $2.45 billion to $2.5 billion, with adjusted EBITDA expected between $385 million and $405 million [17] Q&A Session Summary Question: Any change in view regarding the health of the golf industry? - Management noted the U.S. market is healthy, with rounds up despite weather challenges, while Europe is facing difficulties due to poor weather [20][21] Question: Expectations for gross margin in the back half of the year? - Management indicated that gross margin outlook for the back half is expected to be similar to the first half, with no significant changes anticipated [25] Question: Any pushback on ball pricing or trade down observed? - Management reported continued strong demand for premium urethane products, with no significant trade down noted [26] Question: Are golfers delaying club purchases? - Management stated that club purchases have been steady, with successful launches contributing to growth [27] Question: Perspective on the GT family of products compared to previous series? - Management highlighted the GT series as a significant technological advancement, with positive early feedback from players [29][30] Question: Expectations for FootJoy inventory equilibrium? - Management indicated that the U.S. market is in a steady state, while global markets may take a few more quarters to reach equilibrium [31][32] Question: Expectations regarding the Olympics and its impact? - Management does not expect a significant near-term impact from the Olympics but acknowledges its long-term benefits for the game [35][36] Question: Share count at the end of the quarter? - Management reported approximately 61.8 million shares of common stock at the end of July [37]

Core Insights - Acushnet reported revenue of $683.87 million for Q2 2024, a year-over-year decline of 0.8% and a surprise of -3.66% compared to the Zacks Consensus Estimate of $709.88 million [1] - The EPS for the quarter was $1.11, slightly up from $1.09 a year ago, but below the consensus estimate of $1.18, resulting in an EPS surprise of -5.93% [1] Revenue Performance - Net Sales for Titleist golf balls reached $247.50 million, exceeding the average estimate of $244.71 million by analysts, reflecting a year-over-year increase of +4.2% [3] - Net Sales for FootJoy golf wear were reported at $157.20 million, falling short of the average estimate of $161.92 million, representing a year-over-year decline of -0.6% [4] - Net Sales for Titleist golf gear amounted to $68.90 million, below the average estimate of $73.27 million, indicating a year-over-year decrease of -1.4% [5] - Net Sales for Titleist golf clubs were $177.50 million, compared to the average estimate of $190.39 million, showing a year-over-year decline of -5.6% [6] Stock Performance - Acushnet's shares have returned +8.8% over the past month, contrasting with the Zacks S&P 500 composite's decline of -6.7% [6] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [6]

Acushnet (GOLF) came out with quarterly earnings of $1.11 per share, missing the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.09 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -5.93%. A quarter ago, it was expected that this golf products maker would post earnings of $1.24 per share when it actually produced earnings of $1.43, delivering a surprise of 15.32%. Over the last four quarters, the co ...

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Core Insights - Johnnie Walker is launching 'The Johnnie Walker Golf Collection' to celebrate the evolving culture of golf and attract a new generation of Scotch whisky drinkers and golfers [1][4] - The collaboration with Devereux Golf aims to create a vibrant and inclusive golfing experience through innovative apparel and cocktails [2][5] Group 1: Product Offerings - The 'Johnnie Walker Golf Collection' includes hand-stitched snapback hats, bold graphic t-shirts, and colorful golf towels, merging modern fashion with traditional golfing elements [2][3] - The collection is designed to appeal to both young and old golfers, honoring the sport's heritage while embracing contemporary styles [2][3] Group 2: Collaborative Efforts - Johnnie Walker has partnered with Devereux Golf, co-founded by Will and Bert Brunner, to push the boundaries of Scotch and golf culture [3][5] - The collaboration emphasizes inclusivity and aims to make golf more exciting and accessible to a diverse audience [3][5] Group 3: Engagement and Events - 'The Johnnie Walker Clubhouse' will provide elevated hospitality experiences at major golf tournaments, engaging next-generation Scotch drinkers and golfers [4][5] - Johnnie Walker is the presenting sponsor of the Hypegolf Invitational LA 2024 and other culture-forward events throughout the season [4] Group 4: Cocktail Innovations - New cocktails like the KEEP WALKING 18 and Johnnie Palmer are introduced, combining Johnnie Walker Black Label with fresh ingredients for a modern twist on classic drinks [6] - These cocktails are designed to enhance the golfing experience, promoting the connection between Scotch and golf [5][6] Group 5: Brand Background - Johnnie Walker is the world's number one Scotch whisky brand, with a history dating back to 1820 and a presence in over 180 countries [8][9] - The brand's portfolio includes various award-winning whiskies, accounting for nearly 19 million cases sold annually [10]