Winter Weather Slows Sales For Dick's Tony Khan Buys TrueMedia Networks CDI's '14 Net Income Down 16% From '13 Carlyle Group Buying PrimeSport From Clearlake Puma Misses Q4 Earnings Estimates WWE Posts Big Revenue Gains In Q4 Stats LLC Acquires Automated Insights Under Armour Tops $3B In Revenue For First Time Disney's Cable Division Income Hurt By ESPN WWE's Stock Shoots Up After OTT Announcement
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).