CALLAWAY CUTS FY BALL REVENUE ESTIMATE TO $45 MILLION.
JULY 31, 2000 - VOL 17, NO 30
CALLAWAY CUTS FY BALL REVENUE ESTIMATE TO $45 MILLION.
The revised topline forecast is down from an earlier FY projection of $50-$55 million. Manufacturing ramp up issues prompted the change, Callaway said. In Q2 ended Jun. 30, Callaway had a 76 per cent gain in rule 35 golf ball revenues to $10.5 million by "selling everything it made." Even with the lowered FY projection, management contends the brand’s ball launch will be the industry’s most successful, citing the $18 million Taylor Made generated in its inaugural season selling golf balls. The unit continues to ... Log in to view full article.