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Mar 31, 2020
Topgolf Callaway Q1 2020 Earnings Report
Callaway Golf Company's financial performance was impacted by COVID-19 pandemic despite strong golf equipment market shares.
Key Takeaways
Callaway Golf Company reported a decrease in net sales by $74 million to $442 million for the first quarter of 2020, compared to $516 million for the same period in 2019. The decrease reflects the negative impact of the COVID-19 pandemic. Despite the challenges, the company remained profitable and saw increased sales in Japan, Korea, and the TravisMathew business.
Net sales for Q1 2020 were $442 million, a decrease from $516 million in Q1 2019.
Fully diluted earnings per share for Q1 2020 were $0.30, compared to $0.50 in Q1 2019.
Net income for Q1 2020 was $29 million, compared to $49 million in Q1 2019.
The company completed the issuance of 2.75% Convertible Senior Notes due 2026, raising net proceeds of approximately $250 million.
Revenue by Geographic Location
Forward Guidance
Due to the uncertain duration or full impact of the COVID-19 pandemic, the Company is no longer providing financial guidance at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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