Global Edition

Golf Industry News - fourth quarter

Fortune Brands, owners of Titleist, FootJoy and Cobra, have reported record fourth-quarter and full-year results. Fortune’s net sales for the last fiscal year of $965.3 million (around £600 million) contrasted with $962.9 million in 1998. Their operating company contribution was $147 million (£92 million) in 1999 compared to $142.9 million in 1998.