Callaway Golf (ELY) Tops Q3 EPS by 9c
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Callaway Golf Company Announces Record Net Sales For The Third Quarter And First Nine Months Of 2018; Callaway Increases Full Year Net Sales And Earnings Guidance
October 24, 2018 4:20 PM EDTCARLSBAD, Calif., Oct. 24, 2018 /PRNewswire/ -- Callaway Golf Company (NYSE: ELY) announced today its third quarter 2018 financial results and increased its full year 2018 net sales and earnings guidance.
In the third quarter of 2018, as compared to the same period in 2017, the Company's net sales increased $19 million (8%) to $263 million, a record for the third quarter. The continued net sales growth was led by increases in Gear, Accessories and Other (29%), Putters (28%), Balls (14%), and Irons (7%). In addition to this sales growth, the Company also significantly improved its profitability, including a 77% increase in... More
