Q4 Earnings Roundup: Acushnet (NYSE:GOLF) And The Rest Of The Leisure Products Segment

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Q4 Earnings Roundup: Acushnet (NYSE:GOLF) And The Rest Of The Leisure Products Segment

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Acushnet (NYSE:GOLF) and the rest of the leisure products stocks fared in Q4.

Leisure products cover a wide range of goods in the consumer discretionary sector. Maintaining a strong brand is key to success, and those who differentiate themselves will enjoy customer loyalty and pricing power while those who don’t may find themselves in precarious positions due to the non-essential nature of their offerings.

The 12 leisure products stocks we track reported a weak Q4; on average, revenues missed analyst consensus estimates by 1.3%. while next quarter's revenue guidance was 11.6% below consensus. Inflation (despite slowing) has investors prioritizing near-term cash flows, but leisure products stocks held their ground better than others, with the share prices up 1.5% on average since the previous earnings results.

Acushnet (NYSE:GOLF)

Producer of the acclaimed Titleist Pro V1 golf ball, Acushnet (NYSE:GOLF) is a design and manufacturing company specializing in performance-driven golf products.

Acushnet reported revenues of $413 million, down 7.7% year on year, falling short of analyst expectations by 3.8%. It was a weaker quarter for the company, with a miss of analysts' revenue estimates.

Acushnet Total Revenue
Acushnet Total Revenue

Acushnet pulled off the highest full-year guidance raise of the whole group. The stock is down 8.5% since the results and currently trades at $63.25.

Read our full report on Acushnet here, it's free.

Best Q4: Smith & Wesson (NASDAQ:SWBI)

With a history dating back to 1852, Smith & Wesson (NASDAQ:SWBI) is a firearms manufacturer known for its handguns and rifles.

Smith & Wesson reported revenues of $137.5 million, up 6.5% year on year, outperforming analyst expectations by 2.9%. It was an exceptional quarter for the company, with an impressive beat of analysts' earnings estimates.

Smith & Wesson Total Revenue
Smith & Wesson Total Revenue

The stock is up 31.6% since the results and currently trades at $17.69.

Is now the time to buy Smith & Wesson? Access our full analysis of the earnings results here, it's free.

Slowest Q4: Brunswick (NYSE:BC)

Formerly known as Brunswick-Balke-Collender Company, Brunswick (NYSE: BC) is a designer and manufacturer of recreational marine products, including boats, engines, and marine parts.

Brunswick reported revenues of $1.36 billion, down 14% year on year, falling short of analyst expectations by 5.4%. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations.

The stock is up 16.2% since the results and currently trades at $93.65.

Read our full analysis of Brunswick's results here.

Clarus (NASDAQ:CLAR)

Initially a financial services business, Clarus (NASDAQ:CLAR) designs, manufactures, and distributes outdoor equipment and lifestyle products.

Clarus reported revenues of $76.5 million, up 3.6% year on year, falling short of analyst expectations by 8.7%. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations and a miss of analysts' revenue estimates.

Clarus had the weakest performance against analyst estimates and weakest full-year guidance update among its peers. The stock is up 24.9% since the results and currently trades at $6.58.

Read our full, actionable report on Clarus here, it's free.

Latham (NASDAQ:SWIM)

Started as a family business, Latham (NASDAQ:SWIM) is a global designer and manufacturer of in-ground residential swimming pools and related products.

Latham reported revenues of $90.87 million, down 15.8% year on year, surpassing analyst expectations by 4.5%. It was a mixed quarter for the company, with an impressive beat of analysts' earnings estimates but full-year revenue guidance missing analysts' expectations.

Latham delivered the biggest analyst estimates beat among its peers. The stock is up 10.9% since the results and currently trades at $3.64.

Read our full, actionable report on Latham here, it's free.

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