People and Business Operations Specialist

EXEC: Fila brand parent, Misto Holdings, sees Q2 driven by partial ownership of Titleist and Footjoy. August 14, 2026 Misto Holdings (aka Fila Holdings), the South Korea-based owner of the Fila brand and majority shareholder in Acushnet, Inc., the parent of the Titleist and FootJoy golf brands, reported that second quarter consolidated revenue increased 16.6 percent year-over-year (y/y) to KRW 1.4 trillion ($953 mm), while operating profit rose 62.3 percent to KRW 295.2 billion ($196.6 mm). Eighty-six percent of company revenue originates from Acushnet, Inc., which is a publicly-traded company in the U.S. Ho Yeon (Aaron) Lee, CFO of Misto Holdings, said, "Our second-quarter results reflect continued progress in strengthening the competitiveness and profitability of our core businesses. In the second half of the year, we will remain focused on enhancing Fila's product competitiveness in Korea, expanding our brand portfolio in Greater China, and driving greater operational efficiency to build a stronger foundation for sustainable growth." Misto Holdings reported in the South Korean Won (KRW) currency. SGB Media converted to U.S. dollars at a conversion rate of 1 KRW to .000666 USD as published as the average conversion rate by the company. Strong performance at Acushnet and improved profitability in the Misto segment were cited as driving the second-quarter results. Acushnet benefited from strong new product sales, while a one-time tariff refund provided an additional lift to earnings. Misto Segment The Misto segment, which includes the Fila brand, recorded second-quarter revenue of KRW 200.4 billion ($133.5 mm) and operating profit of KRW 36.4 billion ($24.3 mm). Revenue declined 7.4 percent y/y, primarily reflecting the restructuring of the company's U.S. operations. Excluding the U.S. business, revenue grew 4.0 percent y/y. Segment operating profit increased 6.6 percent y/y to KRW 36.4 billion ($24.3 mm), which was said to be supported by improved profitability in Korea, growth in Greater China and company-wide cost efficiency initiatives. Fila brand reportedly delivered "broad-based growth" across both footwear and apparel. Glio, introduced for the Spring/Summer season, maintained strong sales momentum, while My T-Shirt emerged as a key apparel item, with search volume increasing approximately fivefold year-over-year and sales up 20 percent. Fila also continued to expand its retail footprint in Southeast Asia, opening new stores in key commercial districts in Malaysia and introducing the region's first Fila 1911 Store (see below for full story). In Greater China, Misto Holdings said it continued to expand its brand portfolio, building on steady growth across its core brands. The company said it began the full-scale rollout of Juun.J, a global designer brand from Samsung C&T Fashion Division, opening stores at Chengdu Taikoo Li in July and Beijing Sanlitun in August. Additional brand launches are planned for the Spring/Summer 2027 season as the company continues to strengthen its long-term growth platform in the region. Acushnet Segment The Acushnet segment saw Titleist performance remain strong across key Titleist categories in Q2, including golf balls, clubs and gear, with new driver and fairway wood launches providing an additional boost to sales. Acushnet also reportedly benefited from the strategic timing of key product launches ahead of the peak golf season. Higher equipment sales and average selling prices supported revenue growth, while a one-time tariff refund contributed to the significant increase in operating profit. See below for a full review of the Acushnet (Titleist and Footjoy) business. Share Repurchase Program Meanwhile, Misto Holdings said it continues to execute its shareholder return policy to enhance shareholder value. The company has completed the KRW 10 billion share repurchase approved in May and has approved an additional KRW 5 billion share repurchase, further advancing its ongoing shareholder return initiatives. Outlook Misto Holdings reaffirmed its consolidated and Misto financial outlook for FY2026, reflecting Q2 results, views on macroeconomic trends and business projections for the whole year. Given the continued solid performance across all business segments and the one - time tariff refund benefit at Acushnet in Q2, Sgbonline expect a positive impact on its full-year performance. Planning to revisit an update as Misto/Acushnet progress and visibility improves in macroeconomic uncertainties. Acushnet's FY2026 outlook was disclosed on August 6. Sales growth of y/y +4.1 percent at the mid-point, and adj. EBITDA growth of y/y of +12.3 percent at the mid-point. Image, data and table courtesy Misto Holdings

Acushnet Q2 earnings call highlights. August 8, 2026 Key points. * Acushnet delivered strong second-quarter results: Sales rose 14% year over year to $820 million and adjusted EBITDA increased 46% to $209 million, helped by Titleist equipment momentum, the accelerated GTS metals launch and approximately $38 million in net tariff refunds. * Titleist Golf Equipment led growth, with first-half club sales up 24% and second-quarter club sales up 43%. All regions posted constant-currency growth, while U.S. golf rounds increased 4% year to date. * The company raised its 2026 outlook to $2.65 billion-$2.675 billion in sales and $450 million-$470 million in adjusted EBITDA, but expects second-half results to decline year over year because GTS shipments moved into the second quarter and preparations begin for the 2027 Pro V1 launch. * Five stocks we like better than Acushnet. Acushnet NYSE: GOLF reported higher second-quarter sales and adjusted EBITDA, citing continued momentum in Titleist golf equipment, an accelerated launch of its GTS metals line and a benefit from tariff refunds. The company also raised its full-year outlook, though it expects second-half comparisons to be affected by the timing of golf-club shipments and preparation for a 2027 Pro V1 launch. Worldwide net sales rose 14% year over year to $820 million in the second quarter, while adjusted EBITDA increased 46% to $209 million. For the first six months of 2026, sales increased 10% to $1.57 billion and adjusted EBITDA rose 25% to $353 million, the company said. Chief Financial Officer Sean Sullivan said second-quarter adjusted EBITDA included approximately $38 million in net refunds related to IEEPA tariffs, after accounting for the impact on incentive compensation. Excluding the net refund benefit, first-half adjusted EBITDA increased 12%, ahead of the company's expectations for high-single-digit growth in sales and EBITDA during the period. Golf Equipment drives growth. President and Chief Executive Officer David Maher said Titleist Golf Equipment remained the primary growth driver. The segment grew 14% in the first half, with golf clubs up 43% in the second quarter and 24% for the first half. The growth was led by the launch of the GTS line of metals, which Acushnet moved from a planned third-quarter launch into the seasonally stronger second quarter. Maher said the shift required changes to product-development, supply-chain and assembly timelines. New Vokey Design SM11 wedges and Titleist irons also contributed to first-half growth. Titleist golf-ball revenue rose 6% in the first half, led by Pro V1 sales despite what Maher described as a challenging comparison with the prior-year product launch. He said Titleist golf balls had recorded 22 PGA Tour wins to date, 18 more than the nearest competitor. Golf Gear sales increased 6% in the first half, led by double-digit gains in Titleist gloves, bags and the Club Glove travel brand. FootJoy sales rose 3% in the second quarter and 1% in the first half, supported by footwear demand. Maher said the FootJoy business has been shifting toward premium-performance footwear franchises including Premiere, HyperFlex and Pro/SL, as well as a more premium apparel mix. Discover more MarketBeat Research Tools Stock Average Calculator Sullivan said FootJoy's reported operating margin improved by about 100 basis points year over year in the first half. Normalizing for tariff refunds, he said the improvement was about 170 basis points. Regional results and industry conditions. All regions posted constant-currency growth in the second quarter and first half. U.S. sales rose 15% in the quarter, while sales in Europe, the Middle East and Africa increased 12%. Japan sales rose 31%, Korea sales increased 7%, and rest-of-world sales grew 15%, led by Australia, New Zealand, Southeast Asia and China. Maher said first-half rounds played were projected to increase by low single digits globally. He cited growth in the U.S., Japan and Korea, partly offset by modest declines in Europe following a weather-driven increase in European rounds during 2025. In the U.S., rounds played were up 4% year to date, Maher said. He noted that all eight regions tracked by the National Golf Foundation showed growth, while public-course play was growing faster than private-course activity. Japan and Korea continued to show strength in golf equipment, though wearables such as apparel, footwear and gear remained softer, particularly in Asia. Margins, investments and capital returns. Second-quarter gross profit rose $92 million to $446 million, and gross margin increased 520 basis points to 54.4%. The increase reflected a portion of the tariff-refund benefit, higher Titleist Golf Equipment volumes and higher average selling prices, partly offset by approximately $11 million in incremental tariff expense compared with the prior year. First-half gross margin was 50.9%, up 230 basis points. Excluding the net tariff-refund benefit, first-half gross margin was 48.1%, down 50 basis points from a year earlier. Acushnet incurred approximately $29 million more in tariff expense in the first half than in the comparable 2025 period. Second-quarter selling, general and administrative expense rose $24 million to $246 million as the company invested in its fitting network, information-technology systems and advertising and promotion around product launches. Capital expenditures totaled $37 million in the first half, up $12 million from a year earlier, including investments in golf-ball manufacturing capacity and club assembly. Maher said the company's ball plants are operating near full capacity, but capacity is not currently a constraint. Acushnet has been expanding cast-urethane capacity in Massachusetts and Thailand, with additional expansion expected over the next one to two years. He said new production lines can take 12 to 18 months to become operational. Through June, Acushnet returned approximately $57 million to shareholders, including $31 million in cash dividends and $26 million in repurchases. The board declared a quarterly dividend of $0.255 per share, payable Sept. 18 to shareholders of record Sept. 4. Outlook raised, but second half faces timing effects. Acushnet raised its 2026 sales outlook to a range of $2.65 billion to $2.675 billion, representing 4.1% growth at the midpoint. On a constant-currency basis, the company expects sales growth of 3.4% to 4.3%. The company now expects adjusted EBITDA of $450 million to $470 million for the full year, including an estimated $30 million net benefit from IEEPA tariff refunds. It expects about $54 million of tariff expense for 2026, down from its prior estimate of $70 million, though Sullivan said the benefit is expected to be largely offset by higher product and freight costs, including synthetic-rubber and tungsten costs. Acushnet expects second-half sales to decline by low single digits and adjusted EBITDA to fall compared with the second half of 2025. The company said the impact will be more pronounced in the fourth quarter because a meaningful amount of GTS club sales and earnings shifted into the second quarter. Sullivan said that, aside from the launch timing, the company's underlying outlook for its other businesses remained largely unchanged. About Acushnet (NYSE:GOLF). Acushnet Holdings Corp., traded on the NYSE under the symbol GOLF, is a leading designer, manufacturer and marketer of golf equipment, footwear, apparel and accessories. The company's portfolio encompasses a range of golf lifestyle products, with a focus on innovation, performance and quality for players of all skill levels. At the core of Acushnet's product lineup is the Titleist brand, globally recognized for its Tour-level golf balls and precision-engineered clubs. FootJoy offers golf shoes, gloves and apparel that blend comfort, style and technical performance, while Scotty Cameron putters and Vokey design wedges cater to players seeking exacting standards in feel and accuracy. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Acushnet, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Acushnet wasn't on the list. While Acushnet currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.