Golf

Retail chains of textile, home-design, fashion & clothing.

Sector: RetailMarket cap: NIS 308M
All analyses

Analyses on Golf (1)

Golf 2025: Home Is Carrying the Improvement, Apparel Still Needs Answers, and the Real Test Moved to Logistics and Cash

Golf in 2025 looks better at the store level, especially in home, but the real economics are still not free. Operating improvement is being held back by a heavier lease layer, a much larger finance line, and cash flow that feels strong only before the full stack of cash uses is…

March 11, 2026
Follow-up dives

Follow-up dives on Golf (2)

Follow-up

Golf: The Quality of 2025 Cash Flow, Inventory Release Versus Real Cash Generation

2025 showed a real inventory cleanup, but most of the cash-flow jump came from that release rather than from a structurally stronger cash engine after leases, CAPEX, dividends and debt service.

March 11, 2026
Follow-up

Golf: The Lease-Adjusted Economics of the New Logistics Center

Golf's new logistics center has already changed the group's economics, but in 2025 it still looks stronger in the accounting than on a lease-adjusted basis: reported EBITDA jumped, while the real burden moved into depreciation, financing, and a heavier fixed lease base.

March 11, 2026