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Web Street Golf Daily Pulse
VOLUME 9, NUMBER 210                                                       
Friday, November 1, 2019

ANY IDEA WHO SAID THIS? “I played very consistently. I think last week in Japan was my 17th Top-10 of the year, so I've played consistent golf and I've won a few times, as well. I've achieved most things that I've wanted to this year, and once I end this calendar year, I'm going to take a couple months off, December and January, and reset goals and assess where I'm at, and then go again. I'm happy with where everything is.”

BRAIN TEASER: This player made his third career hole-in-one, the fifth in tournament history, and fifth of the 2019-20 PGA TOUR season in the opening round of the HSBC Championship. Who is he?

ANOTHER SOLID PERFORMANCE: The Acushnet Company reported third quarter sales of $417.2 million, up 12.6% year over year. Net income came in at $29.8 million. “Acushnet's momentum continued in the third quarter, where our growth was fueled by gains in each of our business segments and across all major regions,” stated David Maher, Acushnet's President and Chief Executive Officer.

On a geographic basis, consolidated net sales in the United States increased by 6.2% in the quarter, driven by an increase of $4.3 million in net sales of Titleist golf clubs and the launch of new irons, putters and hybrids. Titleist golf balls sales increased $3.3 million, driven by sales from PG Golf, according to the company, which it acquired in the fourth quarter of 2018. Titleist golf gear showed an increase of $2.7 million.  FootJoy sales ($102.6 million) were up 2.4% in the quarter. Acushnet’s net sales outside the United States were up 20.5%.

Year-to-date net sales stand at $1,313.1 million, up 1.8% year over year and net income is $103.2 million, up 16.6%. "Our results through the first three quarters of 2019 were led by new Pro V1 and Pro V1x golf balls, our recently launched Titleist T-Series irons and healthy gains in Titleist gear and FootJoy golf wear. Our year-to-date performance affirms our commitment to provide dedicated golfers with great products and value-added services that help them play their best golf,” said Maher. “Our product development teams are doing a great job of bringing innovative and exciting new products to market and effectively meeting the performance and design needs of dedicated golfers. We look forward to building upon our market momentum, delivering a strong close to the year and setting the stage for continued success in 2020."

MORE FROM LESS??? Golf club membership in Scotland is continuing to drop, according to an annual survey of the sport across Europe. The KPMG’s Golf Participation Report for Europe reveals a loss of 7,521 registered golfers in the sport’s cradle between 2017-18. READ MORE>>>

THE SECRET SAUCE? The magic number in Tucson golf isn’t 59 or 69 or anything that has to do with red figures on a scorecard. It is 4 — as in 4 hours to play a round of golf. If you produce enough 4’s, you might be able to produce the most coveted big number in Tucson golf: 50,000. As in 50,000 rounds of golf per year on your golf course. READ MORE>>>

WEB GEMS:

THE HEAT INDEX: A well-known Japanese politician has called on Olympic chief Thomas Bach to move the Tokyo 2020 golf tournaments to somewhere cooler, saying keeping them in their planned location would be irresponsible because of the heat. The stifling heat of the Tokyo summer has already prompted the International Olympic Committee (IOC) to insist organizers move next year’s marathon and race walking events to the cooler northern island of Hokkaido. READ MORE>>>

ANSWERS: “I played very consistently. I think last week in Japan was my 17th Top-10 of the year, so I've played consistent golf and I've won a few times, as well. I've achieved most things that I've wanted to this year, and once I end this calendar year, I'm going to take a couple months off, December and January, and reset goals and assess where I'm at, and then go again. I'm happy with where everything is.” --Rory McIlroy.

Louis Oosthuizen (T10/-4) made the fifth hole-in-one in tournament history, and fifth of the 2019-20 PGA TOUR season, with a 6- iron on the 197-yard par-3 6th. It’s the third hole-in-one of Oosthuizen’s TOUR career – 2016 Masters Tournament (R4/16th hole) and 2016 Open Championship (R1/14th hole).

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

 

 

 

golfbiz

Web Street Golf Daily Pulse
VOLUME 9, NUMBER 209                                                       
Thursday, October 31, 2019

ANY IDEA WHO SAID THIS? “I don't know if I have the foresight to really know what could happen. I just believe that this is a great growth opportunity for the game, and everybody benefits: Better competition, better professional golfers, better opportunities for equipment, for golf course design, for housing along golf courses. I just see as the growth continues the game to benefit, and we need to increase the pie and increase the opportunities in the game, and this is the best place to do it because there's such growth opportunity here.”

BRAIN TEASER: Four players have made a hole-in-one in the history of the World Golf Championships-HSBC Champions. Can you name any of them?

BUSINESS APPEARS TO BE GOOD: Callaway Golf reported its third quarter financial results that saw sales come in at $426.2 million. A year ago, it reported sales of $262.7 million, a record at the time for the third quarter. Jack Wolfskin contributed $134 million in the 2019 quarter.

For the nine months of 2019, Callaway reported sales of $1,389.1 million. Jack Wolfskin contributed $275 million. Net sales of golf equipment increased 6% in the first nine months of 2019, according to the company. "Our golf equipment business continues to deliver attractive revenue growth, now up 5% year to date on a constant currency basis,” stated Callaway CEO, Chip Brewer. “Our soft goods portfolio continues to experience even stronger growth rates. These increases were led by robust growth in our direct-to-consumer channel, including Jack Wolfskin and TravisMathew. The direct-to-consumer channel continues to be an area of focus and investment."

Callaway reported net income of $108.6 million, down $24.6 million from a year ago when it reported $133.2 million. Since the integration of its Wolfskin acquisition in November of 2018, the transparency of its golf business has become less. The company no longer provides a breakdown of sales by equipment category.

STAY STABLE: Wannabe Tour players who are not making enough putts soon will have something to consider in the quest to find the bottom of the cup. "Introducing a Tour model is just a natural progression of the brand,” stated Barney Adams, Breakthrough Golf CEO. “Stability clearly has filled a void in the putter category and now golfers who want to play exactly what the pros play will have that option with Stability Tour."

The Stability Tour shaft is designed with BGT's patented Advanced Materials Technology, which it says is a scientifically proven platform that delivers the face square at impact. This results in a lower launch for predictable roll and better distance control. Blair Philip, VP R&D stated, "Testing confirms that both the Original Stability and Stability Tour deliver the groundbreaking performance that BGT has pioneered in our tour-proven putter shaft designs."

The Stability Tour will sell for $249.99 and is available for immediate ship.

WEB GEMS:

ROOKIE! “If I am being honest, playing in a WGC this year wasn’t really a goal when I got my card at first because I didn’t really know how you got into these events. I didn’t know what the routes were into them. I set out simply trying to hang on to my card – that was the main goal. But, once you complete one goal, another door opens and you try to go after that next goal. It is my first time playing a WGC and first time playing the final few events in the Race to Dubai. The ultimate goal is to try to get into the world’s top 50 before Christmas as that would take care of everything for next year.” READ MORE>>> 

ANSWERS: “I don't know if I have the foresight to really know what could happen. I just believe that this is a great growth opportunity for the game, and everybody benefits: Better competition, better professional golfers, better opportunities for equipment, for golf course design, for housing along golf courses. I just see as the growth continues the game to benefit, and we need to increase the pie and increase the opportunities in the game, and this is the best place to do it because there's such growth opportunity here.”--Phil Mickelson on the opportunity golf has in China.

In the history of the WGC HSBC Champions K.T. Kim /R4/2015, Matt Kuchar/R3/2016, Bernd Wiesberger/R1/2017, Thomas Pieters/R4/2018 have made hole-in-ones.

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

 

 

 

golfbiz

Web Street Golf Daily Pulse
VOLUME 9, NUMBER 208                                                       
Wednesday, October 30, 2019

ANY IDEA WHO SAID THIS? “I haven’t played a tournament since I retired at the British Open in 2005. I’ve played golf, but don’t think I've ever teed it and holed out every ball. I give myself a few putts. I’m about a six (handicap) now.’’

BRAIN TEASER: Only one player has all four World Golf Championships titles. Can you name him?

ANTICIPATION: The R&A and the USGA reported they are finalizing the Distance Insights Project Report. The respective governing bodies said they are taking more time to complete their respective due diligence. As a result, the final report it will be released by February 4th 2020.

NORMAN GOES TO POT: World Golf Hall of Fame member, Greg Norman announced the launch of his exclusive new line of CBD-infused wellness and recovery products. Made with CBD (cannabidiol) derived from hemp combined with a variety of natural Australian ingredients, the products promise one-of-a-kind formulations and specifically curated for active adults and athletes who require fast, effective relief for their stiff and overworked muscles. 

“I played professional golf for 40 years and continue to lead an extremely active lifestyle. Hitting millions of golf balls in a lifetime can – and will – cause strain and injury on anyone’s body, despite their age or physical wellbeing,” said the Shark. “Wellness is a pillar in my life and I believe that the health benefits of my CBD products, cultivated from top-quality ingredients found in my birthplace of Australia, will benefit those who spend time on the golf course and anyone committed to prioritizing self-care.”

The initial limited supply is now available in select Simon Malls throughout the country and via www.gregnormancbd.com, with a full rollout planned for early 2020.

WEB GEMS:

SECOND ACT: Davis Love III is heading to the broadcast booth. The World Golf Hall of Famer and 21-time PGA Tour champion is joining CBS as an analyst for its coverage of the PGA Tour, the Masters and PGA Championship. READ MORE>>>

ANSWERS: “I haven’t played a tournament since I retired at the British Open in 2005. I’ve played golf, but don’t think I've ever teed it and holed out every ball. I give myself a few putts. I’m about a six (handicap) now.’’--Jack Nicklaus.

Dustin Johnson is the only man to hold all four World Golf Championships titles.

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

 

 

 

golfbiz

Web Street Golf Daily Pulse
VOLUME 9, NUMBER 207                                                       
Tuesday, October 29, 2019

ANY IDEA WHO SAID THIS? “I'm a never-say-never kind of person, but you start looking back, the longevity, the consistency, what goes into it. Like you start looking at some of the underlying elements like the 142 consecutive starts, the seven tournaments that he won five times or more, 11-time Player of the Year, you know, all the stuff that you've documented, it's just hard to imagine anybody doing that again. But, you know, the beauty of the game is there's a lot of people out there that think they can and that's what's so inspiring about kind of the message that he's delivered through the years but in particular today.”

BRAIN TEASER: Tiger Woods’ 82nd career victory came at age 43. Do you know how old was Sam Snead when he picked up his 82nd and final PGA TOUR win?

WHAT IF? The equipment business is already ramping up for next year even though many consumers worldwide have closed out another playing season. Looking back on 2019, there wasn’t a run away, hot product that consumers went flocking towards. It was, in fact in many ways a quiet year on the equipment front. It’s believed that domestic equipment sales through the month of September, according to sources, are only slightly ahead of 2018’s pace. But there was an interesting trend that happened, yet was never reported.

Is it the archer or the arrow? It’s been an age-old question. For many aspirational players something new in the bag can often motivate and inspire them to play more frequently. According to Golf Datatech research, despite rounds played in the month of August up 3.5% nationally, year-to-date it is exactly the same as the year before. It helps to support the argument that equipment trends may have run their course and players are becoming less inspired with the latest and greatest coming from manufacturers. Agree to disagree? The days of 20 yards longer now seem like a fairytale. More time and words have been devoted in recent years towards rolling back distance that promoting gains.

Distance remains the #1 selling feature consumers are looking for. Often new products are sold with the implied belief that said product will make each of us a better player. However, it begins with the internal conviction that we are immediately better by simply having the club or ball in our possession. The interesting aspect of this phenomenon is that it’s universal. Whether you are a TOUR pro or a weekend warrior, you must have belief in the products you are playing.

Avid players, which are the most coveted buyers manufacturers and retailers vie for, pay close attention to equipment trends on TOUR. When something new appears in a player’s bag it immediately attracts attention. If it finds the winner’s circle it becomes further validated. Week after week, it can become tricky to remember what worked for one player or another. As the saying goes, to each their own. Factor in the economic stimulus PGA TOUR players are presented with and the topic appears a little more confusing. Nevertheless, not all players have seen success after making a switch. In fact some have been known to move back into something they had success with in the past thus attesting to the notion that you must have complete faith in what you play for a chance of success. There were several examples of this happening, yet you didn’t hear anything made of it.

Case in point, there is a clear difference between being a “free agent” and being under contract to play a brand's equipment, yet playing another's. The current World No. 1, Brooks Koepka is a “free agent” who chooses to play Titleist’s Pro V1x golf ball without an agreement. It is also happens to be the golf ball with which he has won four major championships since returning to it in January 2017.

Patrick Reed is another “free agent” who won the 2018 Masters trusting the Titleist Pro V1, just five events after switching from a competitive brand (Callaway). In fact, he played three different competitive brands (Callaway, TaylorMade, Bridgestone) in the year leading up to his first major title before even trying and settling on Titleist

Gary Woodland, yet another “free agent” when he won the 2019 U.S. Open switched to the Titleist Pro V1 from Bridgestone, according to TOUR sources just four weeks prior. Woodland has since officially joined the Titleist golf ball roster and recently finished 5th at the ZOZO Championship. Then there are those players who are paid to play their sponsor's golf ball, but instead play and win using a Titleist even though they don’t have an agreement.

For the second time in two months, a full product line, high profile player from a competitive brand made the switch to a Titleist golf ball and won on the European Tour. The first came in September, when the KLM Open champion, Sergio Garcia, who made his switch at The Northern Trust, according to sources, claimed victory in just his third event after transitioning to the Titleist Pro V1. Another player is Nicolas Colsaerts, who fell from a career-high of World No. 32 in May of 2012, to as low as No. 424 just last month. He switched to the Titleist Pro V1x at the KLM Open. In danger of losing his European Tour card for next season, Colsaerts switched from the same competitive brand as Garcia, sources report, and went on to capture the French Open in just his sixth event since putting the Titleist Pro V1x in play. The 2012 Ryder Cup participant returned to the winners’ circle for the first time in seven years!

Another high profile convert is Daniel Berger. He was ranked as high as No. 18 in June of 2017 and has fallen down to No. 141. After finishing outside the top 125 in the 2018-19 FedExCup Rankings, Berger had five starts on a minor medical exemption to earn 15 FedExCup points and retain his PGA TOUR card for the new season.

While still under contract with Callaway, Berger moved back to Titleist and the Pro V1 to start the new campaign. He finished T-23 at the season-opening Safeway Open, more than doubling the required point total to keep his job. He followed with a T-18 at the Shriners Hospitals for Children Open, earning another 39 FedExCup points. Ironically, Berger had gone to Twitter in January of 2018 and stated, “I switched to the chrome soft last year and I will say I’m a better golfer because of it. Try it before knocking it.”  Berger finished T17 at the ZOZO Championship.

Kevin Na won the Shriners Hospitals For Children Open using a Titleist ball. He made a PGA TOUR record 558’11” of putts for the week. Was it the putter, ball or both? Na used an Odyssey Toulon Madison putter in his victory. You be the judge.

Now it could be interpreted that Callaway’s ball isn’t everything it claims to be. That isn’t the case. The players noted found success going to something they already knew. Callaway has seen success with its ball on TOUR. Danny Willett won the BMW PGA Championship on the European Tour with a Chrome Soft X ball. Maverick McNealy earned his PGA TOUR Card by finishing in the top 25 on the Korn Ferry Tour regular season standings. He plays a Chrome Soft X.

However, the defections aren't just from one brand, as two of the most high-profile players coming out of college this year are contracted to play the golf ball and full product line of TaylorMade equipment. Yet both won for the first time on the PGA TOUR playing a Titleist golf ball. Collin Morikawa won his first PGA TOUR event at the 2019 Barracuda Championship in only his fourth start as a professional. He won playing the Titleist Pro V1x and went on to advance to the BMW Championship in the FedExCup Playoffs. Morikawa started the new season playing a TaylorMade golf ball, according to TOUR sources, but returned to the Titleist Pro V1x at the CJ Cup after just two starts. He played it again at the ZOZO Championship. Matthew Wolff won the 3M Open in just his third start as a professional playing the Pro V1. He started the 2019-20 season playing TaylorMade. But what if this wasn’t about a golf ball? What if it was a driver? It would make a lot more noise both with the media, retailers and certainly with consumers.

Golfers have worshipped at the altar of new for many years, if not decades. And they will continue to. The contention is that it offers hope that one’s game is going to see immediate improvement. Yet, some of the best went back to something they already knew and it paid big dividends. Had it not been a ball, chances are it would have generated more excitement. But the facts speak for themselves.

Good products are no longer as hard to find today as they were 5/10/15 or 20 years ago. But knowing what works for your game is still a tricky proposition, especially when more variables are entered into the equation each time something new arrives. It can often be a trial and error experiment. The ultimate challenge is finding the solutions versus adding to the problem!

WEB GEMS:

PEER REVIEW: “The ball-striking exhibition I’ve seen the last two days is a joke, so I don’t see him stopping any time soon,” Woodland said. “Eighty-two’s pretty special. I think there’s a lot more in store.” READ MORE>>>

MCCORD FIRES BACK: “Bottom line, they fired me.” READ MORE>>>

ANSWERS: “I'm a never-say-never kind of person, but you start looking back, the longevity, the consistency, what goes into it. Like you start looking at some of the underlying elements like the 142 consecutive starts, the seven tournaments that he won five times or more, 11-time Player of the Year, you know, all the stuff that you've documented, it's just hard to imagine anybody doing that again. But, you know, the beauty of the game is there's a lot of people out there that think they can and that's what's so inspiring about kind of the message that he's delivered through the years but in particular today.”--PGA TOUR Commissioner Jay Monahan.

Tiger Woods’ 82nd career victory comes at the age of 43. Sam Snead’s 82nd came at age 52.

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

 

 

 

golfbiz

Web Street Golf Daily Pulse
VOLUME 9, NUMBER 206                                                       
Monday, October 28, 2019

ANY IDEA WHO SAID THIS? “It's exciting for everyone involved with the game. Anytime Tiger's up there, it's better for all of us. It's better for you guys at the PGA TOUR, it's better for us as players, it's better for the sponsors. More eyeballs, more attention we get Tiger brings. It's awesome, it's great to see him play well. It's great to see him healthy first and foremost. Yeah, as soon as I get done tomorrow, I'll be a very interested viewer.”

BRAIN TEASER: How many countries has Tiger Woods won a PGA TOUR event over his career?

ANYONE SURPRISED? Few things in golf are a lock. Perhaps it represents one of the game’s many charms. However, Tiger Woods throughout the years has defied the odds and shown his persistence and dedication can overcome a lot. Going into the final round of the ZOZO Championship he was 24 of 24 in his career when holding a three shot or more lead through 54 holes. Three shots represents a healthy margin for error in the game. Yet, Woods has won 43 of 45 times before Sunday, when he’s held the 54-hole solo lead (95.6%). Think about it for a minute. He has held the 54-hole lead 46 times heading into the final round of the ZOZO Championship! 46 TIMES! There are only 8 players in the history of the game that have 45 career victories. Phil Mickelson is one short of that number.

The only two times Woods has failed to convert the solo 54-hole lead were the 1996 Quad City Classic, his rookie year and 2009 PGA Championship. Anyone remember Y.E.  Yang?

With the PGA TOUR’s new policy for gambling looking to go into effect next year, how many would have bet on his going into the final round to tie Sam Snead’s TOUR record of 82 career victories?

Woods’ 82 career victory came in his 359th start, which translates into a 22.8% winning percentage. Hogan’s was 21.3%, while Nelson won 18.1% of the time he teed it up. Snead played 585 times over his career and his winning percentage was 14%. Woods has posted PGA TOUR wins in 19 different seasons, beginning in 1996!

“On behalf of the PGA TOUR, I would like to congratulate Tiger Woods for tying Sam Snead’s all-time PGA TOUR victories record of 82 at the inaugural ZOZO CHAMPIONSHIP,” stated PGA TOUR Commissioner Jay Monahan. “Today, we celebrate both Tiger and Sam Snead as they share a record that, given how difficult it is to win just once on the PGA TOUR, should sit squarely alongside the greatest accomplishments in sporting history. Tiger has inspired us throughout his career with his talent, passion and the ability to shine in big moments, and he continues to defy even the most outsized expectations with performances like we saw this week. Our fans certainly have a lot to look forward to in the coming season as Tiger sets his sights on win No. 83 – and more, I would suspect -- competing against many of the players he helped inspire along the way.”

WEB GEMS:

CHANGE IS CONSTANT: Two longtime golf analysts are leaving CBS and will not be part of CBS’s PGA Tour coverage in January, ending around three decade runs for both. READ MORE>>>

ANSWERS: “It's exciting for everyone involved with the game. Anytime Tiger's up there, it's better for all of us. It's better for you guys at the PGA TOUR, it's better for us as players, it's better for the sponsors. More eyeballs, more attention we get Tiger brings. It's awesome, it's great to see him play well. It's great to see him healthy first and foremost. Yeah, as soon as I get done tomorrow, I'll be a very interested viewer.”--Rory McIlroy.

The victory in Japan is the seventh country where Woods has won a PGA TOUR event – USA, England, Scotland, Spain, Canada and Ireland

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

 

 

 
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