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Callaway Golf's Profits Beat Q1 Expectations, But Sales Drop Slightly From Last YearPublished in SportsBusiness Daily on 04 / 24 / 15
Callaway Golf "reported a larger profit" for Q1 '15 than analysts expected, despite "headwinds from a strong dollar that drove down sales," according to Mike Freeman of the SAN DIEGO UNION-TRIBUNE. Callaway "posted quarterly revenue" of $284M, below a $303M estimate. Sales were 19% "lower than the s...
While "knowledgeable sources" say that Nike could lay off 1,500 of its employees, "the company said it hadn''t determined how many people would be let go or where," according to Jeff Manning of the Po
Nike announced that it expects its third quarter earnings ending February 28 to be between $.24 to $.28 per share, below the First Call estimate of $.38 per share. Nike added that its earnings for the
Comcast Corp. reported "much wider losses" for its fourth quarter of ''97 and the full year ended December 31, although annual revenues increased 21.6%, according to Richard Morgan of VARIETY. Comcast
Reebok plans to cut 500 administrative jobs in the first quarter, or 10% of its work force, "as part of a multimillion-dollar restructuring to reduce costs," according to a wire report in the BOSTON G
Puma saw sales last year climb almost 12% to "about" $299M, according to the FINANCIAL TIMES. However, it warned yesterday that growth this year and next would be slowed by the Asian financial crisis.
Reebok Int''l, citing "difficult industry conditions," said it will take a pretax restructuring charge of $25M to $35M in the current quarter, according to Jon Auerbach of the WALL STREET JOURNAL. Ree
Callaway Golf announced that its net sales in the year ended December 31, ''97 increased 24% to $842.9M over the previous year''s net sales of $678.5M. The company also announced that it had a net inc
Walt Disney reported net income of $755M, or $1.10 a share, on revenue of $6.34B for the quarter ended December 31, ''97, according to Bruce Orwall of the WALL STREET JOURNAL. That compares with the n
Cablevision Systems Corp., "in a bid for more of New Yorkers'' entertainment dollars," yesterday offered "about" $95M for the "troubled" Nobody Beats The Wiz chain, according to James Madore of NEWSDA
JumboSports Inc. announced that it will "continue to slim down, closing 18 of its 77 stores" and taking a $35- $45M "restructuring charge," according to Aissatou Sidime of the TAMPA TRIBUNE. The moves