Ashworth Inc. (ASHW)

Ashworth, Inc. engages in the design, marketing, distribution, and licensing of sports apparel, headwear, and accessories. It offers various men’s and women’s apparel, including knit and woven shirts, pullovers, jackets, sweaters, vests, pants, shorts, headwear and accessories under the Ashworth, The Game, and Kudzu brand names. The company markets its products primarily in the United States, Europe, and Canada to golf pro shops, resorts, off-course specialty shops, upscale department stores, retail outlet stores, colleges and universities, entertainment complexes, sporting goods dealers that serve the high school and college markets, NASCAR/racing markets, outdoor sports distribution channels, and specialty-advertising firms for the corporate market. As of October 31, 2007, it owned and operated 18 retail stores in Arizona, California, Florida, Georgia, Illinois, Massachusetts, Nevada, New York, Texas, Utah, Virginia, and Washington. Ashworth, Inc. was founded in 1987 and is based in Carlsbad, California.

For the nine months ended 31 July 2006, Ashworth, Inc.'s revenues rose 7% to $159.4M. Net income totaled $5.3M, up from $1.5M. Revenue reflect increased sales from the Gekko brand, higher sales from the domestic segment and an increase in sales from Ashworth, U.K., Ltd segment due to increased demand in the United Kingdom & Ireland and the addition of new corporate partners in mainland Europe. Net income also reflects lower cost of goods sold.