Find another shade of red for Callaway Golf Company. The Carlsbad, Calif., based equipment company reported today that it lost $117 million in 2012 on sales of $832 million compared to a loss of $81 million on sales of $887 million in 2011.
Callaway said it expects to estimates its net sales 2013 will be approximately $850 million compared to $832 million in 2012. Net sales related to Callaway’s continuing brands and business were $772 million in 2012, with net sales relating to the brands and businesses that were sold or transitioned to a third party model of approximately $60 million.
The company also estimated that net sales for the first half of 2013 will be approximately $555 million compared to $566 million in 2012. Callaway’s estimated net sales for the first half of 2013 would represent an increase of seven percent over the first half 2012 net sales of $519 million related to its continuing brands and business.