Callaway Golf (ELY) Tops Q1 EPS by 14c, Raises Guidance

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Go back to Callaway Golf (ELY) Tops Q1 EPS by 14c, Raises Guidance

Callaway Golf Company Announces Record Net Sales And Earnings For The First Quarter Of 2018 And Significantly Increases Full Year Financial Guidance

April 26, 2018 4:22 PM EDT

CARLSBAD, Calif., April 26, 2018 /PRNewswire/ -- Callaway Golf Company (NYSE: ELY) announced today record sales and earnings for the first quarter of 2018 and significantly increased its full year 2018 sales and earnings guidance.

In the first quarter of 2018, as compared to the same period in 2017, the Company's net sales increased $94 million (31%) to $403 million, and earnings per share increased $0.38 to $0.65.  These record financial results were driven by increased sales in all operating segments, all major product categories and all major regions. For the first quarter of 2018, compared to the first quarter of 2017, net sales increased as... More