Callaway's total sales for Q3 jumped to $426M, a 62% increase year-over-yeartravismathew.com
Callaway Golf "posted better-than-expected financial results" for Q3, "thanks to improved golf club sales and continued growth of its trendy TravisMathew golf shirt brand," according to Mike Freeman of the SAN DIEGO UNION-TRIBUNE. Callaway President & CEO Chip Brewer said that equipment gains were "driven by solid product line-up this year, including recently released wedges and irons." Callaway's new Jack Wolfskin outdoor apparel brand, which it acquired in January for $476M, did "well in the direct-to-consumer sales -- online and at its own retail stores." But Brewer said that Jack Wolfskin's sales "lagged at third-party retailers." Callaway's total sales for the quarter jumped 62% to $426M year-over-year -- with Jack Wolfskin contributing $134M. Excluding Jack Wolfskin, sales increased 11% in Q3. Callaway's net income came in at $31M, or 32 cents per share. That "compares with earnings of 10 cents per share for the same quarter last year" (SAN DIEGO UNION-TRIBUNE, 10/31).
