Fortune Brands, Inc., parent company of Acushnet Company, reported that company-wide net sales increased 8.6% to $2.10 billion for its fiscal second quarter. For the Acushnet golf business, however, second quarter net sales decreased 4.7% to $452.4 million from $474.6 million last year. The division’s operating income dropped 23.1% for the second quarter to $68.1 million from $88.6 million last year.
Management reported in a conference call with analysts that sales of golf balls were modestly lower than in the first quarter, and golf clubs sales were down by double-digits.
