Acushnet Posts Flat Q4 Revenues On Supply Chain Constraints

Acushnet Holdings Corp. reported sales were flat against year-ago levels as supply chain constraints impacted sales volumes across all reportable segments.  The parent of Titleist reported a net loss in the period due to increased inbound freight costs, the negative impact of raw material and component shortages on production costs,  lower golf club sales and higher marketing expense. For the year, sales grew 33 percent and adjusted EBITDA surged 41 percent.

Foot Locker Forecasts Steep Comp Decline In 2022 As It Reduces Sales From Nike

Foot Locker Inc. reported fourth-quarter earnings exceeded Wall Street targets but guided 2022 revenues well below Wall Street targets as it expects to reduce sales from Nike Inc. to below 55 percent of its mix by the fourth quarter of 2022 from about 65 percent in the 2021 fourth quarter. As a result, same-store sales in 2022 are expected to decline 8 percent to 10 percent.

CODI Delivers Fourth Straight Quarter Of Record Results

Compass Diversified (CODI) reported earnings nearly tripled in the fourth quarter as sales grew 27 percent. Said Elias Sabo, CODI’s CEO, “Our consumer business again delivered solid results, driven by continued strong performance at our most recent acquisitions, and our niche industrial business experienced increased demand for their products during the fourth quarter.”