Misto Holdings Q1 results lifted by strong golf business and China expansion

Restructuring and portfolio optimisation improve overall profitability and margins

Misto Holdings reported first-quarter 2026 operating profit of $128.90m (₩193.7b), up 19% year-over-year, driven by stronger golf product sales, double-digit growth in Greater China, and cost savings from restructuring. Revenue rose 4.2% to $865.54m (₩1.3t).

The company said gains were driven mainly by strong performance in its Acushnet business and improved profitability in its Misto segment, supported by U.S. restructuring and portfolio optimization efforts.

The Misto division posted $123.60m (₩185.8b) in revenue. Whilst total revenue declined due to U.S. restructuring, excluding U.S. operations, revenue grew 3.8%.

Greater China delivered double-digit growth, led by strong demand for K-fashion brands including MARITHÉ+FRANҪOIS GIRBAUD, Matin Kim, Rest & Recreation, and RAIVE, boosted by increased tourism from K-pop and cultural events in Hong Kong.

FILA expanded its footwear and apparel offerings, with the “Echappe” franchise and new “GLIO” line performing well. The Knit Track apparel line grew about 74% in the Spring/Summer 2026 season.

Acushnet, operated by Acushnet Holdings, posted $731.00m (₩1.1t) in revenue, up 8.0%. Growth was driven by demand for Titleist T-Series irons, Vokey Design SM11 wedges, and higher sales of Titleist Pro V1 golf balls. Operating profit rose 6.9% to $114.15m (₩171.5b).

The company continued its $332.90m (₩500b) shareholder return program (2025–2027), with $203.40m (₩305.4b) completed so far, or 61.1% of the target.

It also reiterated plans to maintain over 40% total shareholder return for 2026–2027 and continue share buybacks and cancellations.