Callaway Golf Credits New Products for Sales Increase

New Offerings Like The FT-I Driver Helps Boost Q2 Sales

Callaway Golf reported record sales for Q2 with net sales of $380M, up 11% from $341.8M for the year-ago period, according to Adam Schupak of GOLFWEEK. Net income was $36.6M, up almost 63% from $22.5M. U.S. sales were up 10% to $215M and Europe sales were up 29% to $70.2M. Callaway “credited its performance to its strong lineup of new products.”  Metalwood sales rose 30% from the year-ago period to $111.9M and sales from the “once-troubled ball division” increased 4% to $72.1M. Although sales of the company’s Top-Flite brand “declined, in part, due to reduced product offerings,” the ball division will “for the first time operate profitably for a fiscal year.” Callaway’s full-year sales projection rose to $1.07-1.08B up from a previous forecast of $1.035-1.055B (GOLFWEEK.com, 8/2).