Menu
Download the app

SBJ subscribers – Enhance your experience with the revamped iOS app

Finance

Callaway Golf Earnings, Sales Boosted In Q1 By New Epic Driver, Ogio Acquisition

Callaway Golf’s shares rose more than 6.5% on Friday after the company "posted better earnings and sales" than analysts expected and "raised its full-year forecast," according to Mike Freeman of the SAN DIEGO UNION-TRIBUNE. Callaway cited the "strength from its new Epic driver and Chrome Soft X golf balls, as well as gains from its acquisition" of backpack/golf bag maker Ogio, as driving Q1 performance. Callaway reported Q1 sales of $309M, up 13% from last year. Net income came in at $26M, down from $38M "for the same quarter the prior year." Looking ahead, Callaway "boosted its full year sales forecast" to a new range of $960-980M. The company "increased full-year earnings guidance" to $0.27-0.33 per share, up from "previous forecasts" of $0.21-0.27 (SAN DIEGO UNION TRIBUNE, 5/6). At presstime, Callaway shares were trading at $12.66, down 2.05% from Friday's close (THE DAILY).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2017/05/08/Finance/Callaway.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2017/05/08/Finance/Callaway.aspx

CLOSE