Callaway Golf CompanyCALY
▲ PositiveCapitalrelevance
Q2 profit and sales rose, and full-year sales outlook was raised.
Impact on assets 1
Consumer Discretionary
Callaway Golf CompanyCallaway Golf Q2 Profit Rises to $75.2 Million
2▲1 ▼0Impact / 5
Callaway Golf reported a rise in second-quarter profit, with net income climbing to $75.2 million, or $0.40 per share, from $20.3 million, or $0.11 per share, a year ago. Quarterly net sales increased 2.0 percent to $612.2 million from $600.4 million, driven by a 4.5 percent increase in the Golf Equipment segment, partially offset by a 3.6 percent decline in the Apparel, Gear and Other segment. Adjusted earnings from continuing operations rose to $0.39 per share from $0.20 per share. The company now expects full-year net sales of $2.045 billion to $2.070 billion, compared with its previous outlook of $2.015 billion to $2.070 billion.
Callaway Golf CompanyQ2 profit and sales rose, and full-year sales outlook was raised.