Callaway Golf (ELY) Tops Q3 EPS by 7c, Sales Beat
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Callaway Golf Company Announces Third Quarter 2017 Financial Results Including A 30% Increase In Net Sales; Callaway Increases Full Year Net Sales And Earnings Guidance
October 25, 2017 4:20 PM EDTCARLSBAD, Calif., Oct. 25, 2017 /PRNewswire/ -- Callaway Golf Company (NYSE: ELY) announced today its third quarter 2017 financial results and increased its full year 2017 net sales and earnings guidance.
In the third quarter of 2017, as compared to the same period in 2016, the Company's net sales increased $56 million (30%) to $244 million. This increase was led by increases in all operating segments, namely Golf Clubs (+ 21%), Golf Balls (+20%), and Gear, Accessories and Other (+72%) as well as increases in each reporting region, namely the United States (+33%), Europe (+23%), Japan (+28%), Rest of Asia (+28%), and other countries (+23%). The... More
