Cox Enterprises Buys Mobile Outfit Experience Wasserman Receives $100M Investment New York State OKs Lawsuit Against RBS Stats LLC Buys Bloomberg Sports FanDuel Closes $70M Round Of Venture Capital SeatGeek Closes On $35M In VC Financing Golf Sales Cut Into Dick's Profits ClubCorp Acquires Sequoia Golf For $265M Disney Posts Record Q3 Despite ESPN CDI Earns Record Quarterly Revenue
Upcoming Conferences and Events
CALLAWAY SALES FEELING EFFECTS OF EL NINO WEATHER PATTERN
Published March 2, 1998
Callaway Golf said Friday that its U.S. sales "are getting drenched by El Nino" and the impact could "drag earnings" 70% below analysts' first-quarter estimates, according to Bruce Bigelow of the SAN DIEGO UNION-TRIBUNE. The CA-based company, which was "expected" to report earnings of $.36 per share, said that unusually bad weather patterns caused by El Nino "has discouraged winter sales" of its golf clubs in FL and CA. Callaway President Donald Dye said earnings could be "as much as" $.25 below estimates if weather conditions "continue unabated through the remainder of the quarter" (SAN DIEGO UNION-TRIBUNE, 2/28).