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<TYPE>8-K
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<CONFORMED-NAME>ASHWORTH INC
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<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1031
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<STREET1>2765 LOKER AVE WEST
<CITY>CARLSBAD
<STATE>CA
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<CITY>CARLSBAD
<STATE>CA
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<FORMER-CONFORMED-NAME>CHARTER GOLF INC
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<TYPE>8-K
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<FILENAME>a5351623.txt
<DESCRIPTION>ASHWORTH, INC. 8-K
<TEXT>


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 or 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


         Date of report (Date of earliest event reported): March 8, 2007

                                 ASHWORTH, INC.
             (Exact Name of Registrant as Specified in Its Charter)



             Delaware               001-14547               84-1052000
  (State or Other Jurisdiction     (Commission            (IRS Employer
         of Incorporation)         File Number)         Identification No.)


                2765 Loker Avenue West
                 Carlsbad, California                         92010
       (Address of Principal Executive Offices)             (Zip Code)


       Registrant's Telephone Number, Including Area Code: (760) 438-6610


                                       N/A
          (Former Name or Former Address, if Changed Since Last Report)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))




<PAGE>


Item 2.02      Results of Operations and Financial Condition.

     On March 8, 2007, Ashworth, Inc. (the "Company") issued a press release
announcing the financial results for its first quarter of fiscal year 2007. The
Company will hold an earnings call at 4:30 p.m., Eastern Time, on March 8, 2007
to review such results. A copy of the press release is attached hereto as
Exhibit 99.1.


Item 9.01      Financial Statements and Exhibits.

       (d)     Exhibits:

       The following exhibit is furnished with this current report on Form 8-K:

Exhibit Number           Description of Exhibit
--------------           ----------------------

99.1                     Ashworth, Inc. press release dated March 8, 2007
                         announcing the financial results for its first quarter
                         of fiscal year 2007.



The information in this current report on Form 8-K, including the exhibit
attached hereto, is being furnished and shall not be deemed "filed" for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise
subject to the liabilities of such section. The information in this current
report on Form 8-K shall not be incorporated by reference into any registration
statement or other document pursuant to the Securities Act of 1933, as amended,
except as shall be expressly set forth by specific reference in such filing.


<PAGE>


                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                             ASHWORTH, INC.



Date:  March 8, 2007                   By:   /s/ Peter M. Weil
                                             -----------------
                                             Peter M. Weil
                                             Chief Executive Officer


<PAGE>


                                  EXHIBIT INDEX



   Exhibit No.                             Description
   -----------                             -----------

   99.1                Ashworth, Inc. press release dated March 8, 2007
                       announcing the financial results for its first quarter of
                       fiscal year 2007.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a5351623ex99-1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                                                                    Exhibit 99.1

       Ashworth, Inc. Reports First Quarter Fiscal 2007 Financial Results


    CARLSBAD, Calif.--(BUSINESS WIRE)--March 8, 2007--Ashworth, Inc.
(NASDAQ: ASHW), a leading designer of on-course golf apparel and
golf-inspired lifestyle sportswear, today announced unaudited
financial results for its first quarter ended January 31, 2007.

    Peter M. Weil, Chief Executive Officer of Ashworth, said, "The
first quarter remained challenging and we continue to execute on the
strategic initiatives our Board and management team identified during
the second half of 2006. As we have said, we are implementing these
initiatives in order to better position the Company for sustainable
and profitable growth. We expect to begin realizing the benefits of
our efforts beginning in the second half of 2007.

    "As part of our overall effort to further extend Ashworth's
category and brand leadership globally, we were pleased during the
quarter to announce John Ashworth's return to the Company. John
reinforces our commitment to the core golf channel and the PGA Golf
Professionals who have represented Ashworth for the last twenty years.
We look forward to benefiting from his expertise and his unique vision
that was instrumental in originally developing the Ashworth(R) brand."

    Summary of First Quarter Results:

    Consolidated net revenue for the first quarter ended January 31,
2007 decreased 5.8% to $38.3 million as compared to $40.6 million for
the first quarter of 2006. The Company reported a consolidated first
quarter net loss of $2.4 million, or $0.17 per diluted share, compared
to a net loss of $50,000, or $0.00 per diluted share, for the same
quarter of the prior year. Net revenue for the domestic segment
(including Gekko Brands, LLC) decreased 7.9% to $32.0 million from
$34.8 million for the same period of the prior year. Net revenue from
the international segment (including Ashworth, U.K., LTD.) increased
7.1% to $6.3 million from $5.8 million for the same period of the
prior year.

    In the first quarter of fiscal 2007, the Company's consolidated
gross margin decreased 350 basis points to 40.8% as compared to 44.3%
in the first quarter of fiscal 2006. The decrease in margins was
primarily due to the costs associated with the underutilization of the
Embroidery and Distribution Center's embroidery capacity, the cost of
which is recorded in cost of sales during the period and is primarily
due to lower sales associated with the Company's domestic golf
channel.

    Consolidated selling, general and administrative ("SG&A") expenses
increased 7.9% to $19.1 million for the first quarter of fiscal 2007
as compared to $17.7 million for the first quarter of fiscal 2006. The
increase in SG&A expenses was primarily due to an increase in
advertising and tradeshow expenses related to the PGA show and other
sales initiatives focused on improving the Company's golf distribution
channel as well as the full-year effect of the addition of four new
outlet stores during the second half of fiscal 2006. These increases
were partially offset with reductions in legal and consulting fees
associated with the Company's 2006 annual meeting of shareholders and
strategic alternatives process, as well as a reduction in costs
related to the Company's compliance with Sarbanes Oxley and its annual
audit.

    Revenues by Channel/Segment:

    Golf

    Total revenues in the domestic golf channel in the first quarter
declined 22.0% to $9.0 million as compared to the same period last
year. Sales in the golf distribution channel for the first quarter
continued to be affected by increased competitive pressure, an overall
continued softness in the golf market, and the Company's strategic
initiative to improve the quality of distribution. The Company
believes that future product direction, Green Grass specific sales
management, an improved sales force, as well as strong brand
development initiatives including the return of John Ashworth will
result in future growth in the core golf channel.

    This year, Ashworth will again have a complete sweep of the 2007
U.S. Open, U.S. Women's Open and U.S. Senior Open as the official
merchandise tent vendor and fixture partner. Ashworth will also design
special uniforms for these events for over 9,500 volunteers. Ashworth
has extended its long-term partnership with the USGA through the 2009
U.S. Open.

    Corporate

    Revenues for the corporate distribution channel were $5.7 million,
an increase of 2.3% as compared to the same period last year. The
positive results were driven by the Company's ability to offer two
premier brands that include a comprehensive offering of on-course golf
apparel as well as golf-inspired lifestyle sportswear for men and
women.

    Retail

    Revenues for the retail distribution channel were $4.1 million, a
decrease of 21.4% from first quarter 2006. The retail channel
experienced a decline in the first quarter primarily due to the
overall slowness of retail sell-through during the holiday season,
account consolidation in the channel as well as a reduction of
underperforming doors. The Company will continue to improve its brand
positioning by focusing on premium retail accounts and doors within
the channel.

    Collegiate/Racing (The Game(R)/Kudzu(R))

    First quarter revenues for Gekko Brands, LLC were $10.4 million,
an increase of 3.5% over the first quarter 2006. The increase was
primarily due to higher revenues in the collegiate bookstore channel
and to Game Select Dealers, partially offset by lower revenues from
sales into the NASCAR/racing channel as compared to the first quarter
of fiscal 2006.

    Company-owned Outlet Stores

    Revenues from the Company-owned stores were $2.7 million, an
increase of 19.0% over first quarter 2006. Since the first quarter of
2006, the Company added a net of four new outlet stores bringing the
Company's total number of outlet stores to 18. The new outlet stores
contributed $0.6 million in sales in the first quarter of fiscal 2007
while sales on a comparative store basis were down 7.9%. Much of the
decline was due to reduced holiday traffic in our outlet stores.

    International

    Revenues from the international segment increased 7.1% to $6.3
million, an increase of $0.5 million over the same period last year.
Revenues were primarily driven by growth from Europe and Canada.

    Balance Sheet:

    Net accounts receivable decreased 5.6% from the prior year,
commensurate with the 5.8% decrease in revenues for the first quarter.
Net inventory decreased 8.7% to $56.4 million as of January 31, 2007
as compared to $61.7 million as of January 31, 2006 and is in line
with expected sales growth.

    The Company was not in compliance with certain financial covenants
contained in its bank credit facility as of January 31, 2007 but has
obtained a waiver of such compliance.

    Domestic Inventory:

    As a result of the Company's implementation of multiple inventory
and supply chain initiatives, domestic gross inventory decreased 8.4%
over the comparable quarter last year, while sales decreased 7.9%.

    Embroidery and Distribution Center (EDC):

    The Company believes that lower than expected throughput will
continue to impact its ability to realize the full benefits of this
state-of-the-art facility. The Company is continuing to evaluate
various options including, among others: developing a joint venture to
better utilize available embroidery capacity; and selling the EDC and
utilizing external distribution providers and contract embroiderers.
The Company is evaluating all available options and noted that there
is no guarantee that any agreement will be reached as a result of this
process.

    New CFO:

    On March 7, 2007, the Company announced that Eric R. Hohl was
appointed executive vice president, chief financial officer and
treasurer and will join the Company on March 19, 2007. In this role,
Mr. Hohl will be a key member of Ashworth's executive management team
with responsibility for all finance and various administrative
functions and the Company's EDC.

    Conference Call:

    Investors and all others are invited to listen to a conference
call discussing first quarter results, today at 4:30 p.m. Eastern Time
(1:30 p.m. Pacific Time). Domestic participants can access the
conference call by dialing 888-344-1107. International participants
should dial 973-582-2859. Callers should ask to be connected to
Ashworth's first quarter earnings teleconference or provide the
conference ID number 8509398. The call will also be broadcast live
over the Internet and can be accessed by visiting the Company's
investor information page at www.ashworthinc.com.

    About Ashworth, Inc.

    Ashworth, Inc. (NASDAQ: ASHW) is a leading designer of men's and
women's golf-inspired lifestyle sportswear distributed domestically
and internationally in golf pro shops, resorts, upscale department and
specialty stores and to corporate customers. Ashworth's three
market-leading brands include: Ashworth Collection(TM), a range of
upscale sportswear designed to be worn on and off-course; Ashworth
Authentics(TM), which showcases popular items from the Ashworth line;
and Ashworth Weather Systems(R), a technical performance line.
Ashworth is also an Official Apparel Licensee of Callaway Golf
Company.

    Ashworth is also a leading designer, producer and distributor of
headwear and apparel under The Game(R) and Kudzu(R) brands. The Game
is a leading headwear brand to collegiate bookstores and Kudzu
products are sold into the NASCAR/racing markets and through outdoors
sports distribution channels, including fishing and hunting. Ashworth
is also the exclusive on-site event merchandiser for the Kentucky
Derby.

    For more information, please visit the Company's Web site at
www.ashworthinc.com.

    Forward-Looking Statements

    This press release contains forward-looking statements related to
the Company's market position, finances, operating results, marketing
and business plans and strategies within the meaning of Section 27A of
the Securities Act and Section 21E of the Securities Exchange Act of
1934, as amended. These forward-looking statements may contain the
words "believes," "anticipates," "expects," "predicts," "estimates,"
"projects," "will be," "will continue," "will likely result," or other
similar words and phrases. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of
the date hereof. The Company undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
changed circumstances or unanticipated events unless required by law.
These statements involve risks and uncertainties that could cause
actual results to differ materially from those projected. These risks
include the uncertainties associated with implementing a successful
transition in executive leadership, the continued willingness of our
lenders to provide waivers of compliance with financial covenants, the
evaluation of strategic alternatives that may be presented, timely
development and acceptance of new products, as well as strategic
alliances, the integration of the Company's acquisition of Gekko
Brands, LLC, the impact of competitive products and pricing, the
success of the Callaway Golf apparel product line, the preliminary
nature of bookings information, the ongoing risk of excess or obsolete
inventory, the potential inadequacy of booked reserves, the successful
operation of the distribution facility in Oceanside, CA, the
successful implementation of the Company's ERP system, and other risks
described in Ashworth, Inc.'s SEC reports, including the annual report
on Form 10-K for the year ended October 31, 2006, quarterly reports on
Form 10-Q filed thereafter and amendments to any of the foregoing
reports, including the Form 10-K/A for the year ended October 31,
2006.



ASHWORTH, INC.
Consolidated Statements of Operations
First Quarter ended January 31, 2007 and 2006
(Unaudited)                                   Summary of Results of
                                                     Operations
                                                2007         2006
                                             ------------ ------------
First Quarter
--------------------------------------------
Net Revenue                                  $38,272,000  $40,612,000
Cost of Sales                                 22,655,000   22,636,000
                                             ------------ ------------
  Gross Profit                                15,617,000   17,976,000
Selling, General and Administrative Expenses  19,117,000   17,698,000
                                             ------------ ------------
Income (Loss) from Operations                 (3,500,000)     278,000
Other Income (Expense):
  Interest Income                                 37,000       10,000
  Interest Expense                              (601,000)    (679,000)
  Other Income (Expense), net                    (16,000)     308,000
                                             ------------ ------------
  Total Other Expense, net                      (580,000)    (361,000)

Loss Before Provision for Income Taxes        (4,080,000)     (83,000)
Benefit for Income Taxes                       1,632,000       33,000
                                             ------------ ------------
  Net Loss                                   $(2,448,000)    $(50,000)
                                             ============ ============

Loss Per Share - BASIC                            ($0.17)      ($0.00)
Weighted Average Common Shares Outstanding    14,520,000   14,182,000
                                             ============ ============

Loss Per Share - DILUTED                          ($0.17)      ($0.00)
Adjusted Weighted Average Shares and Assumed
 Conversions                                  14,520,000   14,182,000
                                             ============ ============




ASHWORTH, INC.
Consolidated Balance Sheets
As of January 31, 2007 and 2006
(Unaudited)
                                            January 31,   January 31,
ASSETS                                         2007          2006
------------------------------------------ ------------- -------------

CURRENT ASSETS
  Cash and Cash Equivalents                  $3,966,000    $3,123,000
  Accounts Receivable-Trade, net             27,602,000    29,240,000
  Inventories, net                           56,376,000    61,723,000
  Other Current Assets                       12,898,000    15,495,000
                                           ------------- -------------
    Total Current Assets                    100,842,000   109,581,000

Property and Equipment, net                  39,066,000    37,410,000
    Other Assets, net                        25,800,000    24,672,000
                                           ------------- -------------
               Total Assets                $165,708,000  $171,663,000
                                           ============= =============

LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------------

CURRENT LIABILITIES
  Line of Credit Payable                    $17,450,000   $23,100,000
  Current Portion of Long-Term Debt           5,830,000     1,942,000
  Accounts Payable - Trade                   12,230,000    16,575,000
  Other Current Liabilities                  10,048,000     7,475,000
                                           ------------- -------------
    Total Current Liabilities                45,558,000    49,092,000

Long-Term Debt                               11,495,000    16,692,000
Other Long-Term Liabilities                   2,023,000     2,120,000
Stockholders' Equity                        106,632,000   103,759,000
                                           ------------- -------------
Total Liabilities and Stockholders' Equity $165,708,000  $171,663,000
                                           ============= =============



    CONTACT: Ashworth, Inc.
             Peter M. Weil, CEO
             Gary I. Sims, President
             760-929-6100

</TEXT>
</DOCUMENT>
</SUBMISSION>
