Callaway Golf (ELY) Misses Q4 EPS by 2c, Revenues Beat; Offers Q1 & FY20 EPS Views Below Consensus, Q1 Revenue Guidance Below Consensus

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Go back to Callaway Golf (ELY) Misses Q4 EPS by 2c, Revenues Beat; Offers Q1 & FY20 EPS Views Below Consensus, Q1 Revenue Guidance Below Consensus

Callaway Golf Company Announces Record 2019 Full Year Net Sales And Operating Profit; And Provides 2020 Financial Guidance

February 10, 2020 4:20 PM EST

CARLSBAD, Calif., Feb. 10, 2020 /PRNewswire/ -- Callaway Golf Company (the "Company") (NYSE: ELY) announced today record full year 2019 net sales of $1,701 million, an increase of 37% compared to net sales of $1,243 in 2018. This $458 million net sales increase reflects increases in all operating segments, all major product categories and all major regions. The Jack Wolfskin business, which the Company acquired in early 2019, contributed $356 million of this sales growth compared to 2018. The Company achieved these record sales results despite a negative impact of $31 million from changes in foreign currency exchange rates.

The Company also announced... More