Golf Industry News - net sales

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.

Net sales of Spalding Holdings, the parent company of Spalding Sports Worldwide, dropped for the second quarter ending July 3, 1999, to £80 million from £101 million over the same period last year. For the first half of 1999, net sales decreased to £153 million compared with £194 million in 1998. However, profits for the […]