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EXEC: Callaway Golf CEO Talks Renewed Company Progress as a Golf Pure-Play
['Sgb Executive']
SGB Media Online
The CEO said these moves returned the company to “a cash-generating pure-play golf company with a terrific balance sheet and a clear capital allocation strategy aimed at steadily returning capital to shareholders.”
Second Quarter SummaryCallaway Golf company (CALY) reported net sales from the company’s continuing operations amounted to $612.2 million, representing a 2.0 percent year-over-year (y/y) increase.
Golf Equipment SegmentIn Golf Equipment, Brewer said the portfolio continues to show strength across several important categories.
CapExof ~$40M ▪ Non-GAAP Gross Margins projected to be up year-over-year Approx.
23 percent non-GAAP Tax Rate2026 Third Quarter Outlook(in millions)Q3 AssumptionsHigh-single digit dollar Net Sales headwind from FXMid-single digit dollar EBITDA headwind from lapping higher prior-year dividend incomeImage courtesy Callaway Golf Company