Callaway Golf (ELY) Tops Q1 EPS by 2c, Offers Q2 FY Guidance
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Callaway Golf Company Announces First Quarter 2016 Financial Results With Continued Improvements In Gross Margins And Profitability; Callaway Increases 2016 Full Year GAAP Revenue And Earnings Guidanc
April 27, 2016 4:18 PM EDTCARLSBAD, Calif., April 27, 2016 /PRNewswire/ --Â Callaway Golf Company (NYSE: ELY) today announced its first quarter financial results and updated its full year financial outlook for 2016.
The Company's 2016 first quarter net sales of $274 million, as compared to $284 million in the first quarter of 2015, were consistent with the Company's expectations and primarily reflect a strategic change in product launch timing, including the extension of product lifecycles. As a result of this strategic change, a majority of the Company's anticipated sales growth in 2016 is expected to occur in the second half of the... More
