As expected, Callaway Golf today reported strong Q2 top line numbers, but its bottom line numbers didn’t keep pace.
The company reported Q2 sales of $305 million compared to $246 million for the same period in 2016. Callaway cited the strength of its product line, including continued success of the current year EPIC driver and fairway woods, increased golf ball sales, including the new Chrome Soft X ball, and increased net sales of gear, accessories, as reasons for the 24 sales increase..
Callaway, however, reported earnings of $31 million in Q2 of 2017 compared to $34 million the same period in 2017.
For the six months, Callaway reported sales of $613 million compared to $520 million the first six months of 2016. The company’s earnings the first six months of this year were $57 million versus $73 million the same period of 2016.