Weighted-average common shares outstanding: Less: Net income (loss) attributable to non-controlling interests, Net income attributable to Callaway Golf Company. Callaway Golf does not warrant its products against damage caused by third parties. Our Utry ® program gives you the opportunity to try out brand new products from the game's top brands for 14 days for only $25, or $100 for an iron set. (2) Represents corporate general and administrative expenses, non-cash purchase accounting adjustments, acquisition and other non-recurring charges, and other income (expense) not utilized by management in determining segment profitability. The operating expenses in 2019 were negatively impacted by $6 million of purchase accounting adjustments and non-recurring costs related to the Jack Wolfskin acquisition. These estimates also assume a base of 97 million fully-diluted shares in 2020, approximately flat with 2019. The above warranty also does not apply to upro gps devices or accessories. The purpose of this non-GAAP presentation is to provide additional information to investors regarding the underlying performance of the Company's business without certain non-recurring items and non-cash purchase accounting adjustments related to the Company's acquisitions. Callaway Golf wants you to be fully satisfied with every item you purchase. If you are not satisfied with the item you have purchased, you may return it within 30 days of shipment for a full refund of the product price. This $458 million net sales increase reflects increases in all operating segments, all major product categories and all major regions. Search Find a Retailer Get Custom Fit Shop Online Clubs Golf Balls Accessories Media Team Corporate Account Cart ( 0) Back to previous navigation menu Get Custom Fit Close navigation menu. SC350505. In California call collect 760-931-1771; outside California call toll free 1-800-588-9836. Adjusted EBITDA. Drivers Fairway Woods Hybrids Iron/Combo Sets Wedges Odyssey Putters Toulon … Buy Callaway Golf Clubs, including Drivers, Irons, Fairway Woods, Wedges and Hybrids at CallawayGolf.com. The projections also include the impact of the Full-Year Macrofactors discussed above. Callaway Golf will, without charge to the consumer, repair or replace any product or component or part thereof that is defective or becomes defective during normal use within two years after the date of purchase from an authorized Callaway Golf retailer or distributor. These estimates also assume a base of 97 million fully-diluted shares in the first quarter of 2020. Callaway Golf Sale. Warranty Coverage: Except as otherwise stated on the product or packaging, Callaway Golf Company warrants its golf clubs, components, and other products purchased from an authorized Callaway Golf retailer or distributor to be free of defects in material and workmanship for two years. The Company estimates that its first quarter 2020 operating expenses will be approximately $7 million higher than 2019 operating expenses. We are always searching for solutions that will improve the accessibility of our site. On a non-GAAP basis, operating income increased 23% to $163 million compared to $133 million in 2018. This increase is being driven primarily by normal inflationary pressures and strategic investments in the new market expansions for the Jack Wolfskin business. The Company estimates that its first quarter 2020 gross margin will be approximately 10 basis points higher than the same period in 2019. The Company estimates first quarter 2020 Adjusted EBITDA of $72 - $79 million compared to $79 million for the first quarter of 2019. In either case a Return Merchandise Authorization (RMA) is required. Earnings per share decreased to $0.82, compared to $1.08 for 2018. This increase is due to the addition in 2019 of operating expenses from the Jack Wolfskin business, which added an incremental $41 million excluding the acquisition-related expenses. The Company announced the following GAAP and non-GAAP financial results for the full year 2019 (in millions, except EPS): Net sales increased $458 million (37%) to $1,701 million, a new record for the Company, and on a constant currency basis, net sales increased by 39%. This increase is being driven primarily by a positive mix benefit of the margin-accretive apparel business and higher golf equipment gross margin associated with this cycle of product launches. The Company provides information about its results excluding interest, taxes, depreciation and amortization expenses, non-cash stock compensation expenses, non-recurring OGIO, TravisMathew and Jack Wolfskin transaction and transition-related expenses, as well as non-recurring advisory fees. A replay of the conference call will be available approximately two hours after the call ends, and will remain available through 9:00 p.m. Pacific time on February 17, 2020. The Adjusted EBITDA estimates will benefit from a reduction in acquisition-related costs, which were $28 million in 2019 compared to an estimated $6 million in 2020 of non-recurring expense related to the global warehouse consolidation activities as well as a small amount of non-recurring expense related to transitioning Jack Wolfskin's information systems. On returns, we can only credit the credit card used for the original purchase. The acquisition of Jack Wolfskin in early 2019 was an important part of that strategy and our TravisMathew business continues to grow at double digit rates. Our thoughts and prayers are with the people of China, including our employees, customers and their families in that region, as well as those affected by the virus globally. It does not include any other effect of changes in foreign currency rates on the Company's results or business. The call will be broadcast live over the Internet and can be accessed at http://ir.callawaygolf.com/. This increase was driven by a favorable mix impact of the Jack Wolfskin and TravisMathew businesses, which were both accretive to gross margin in the fourth quarter, and increased launch activity in the golf equipment business. Join Today. Accordingly, prior period amounts have been reclassified to conform with the current period presentation. Menu Close navigation menu. Buy Callaway Golf Clubs, including Drivers, Irons, Fairway Woods, Wedges and Hybrids at CallawayGolf.com. Callaway Golf revenue – additional information Skip to content. This graph depicts the net sales of Callaway Golf from 2017 to 2019, broken down by product category. Balls can be purchased in white, green, yellow, or orange, or as a variety pack. GolfBox stocks a range of Callaway golf equipment, clothing and accessories including golf balls, drivers, fairway woods, hybrids, irons, wedges, training aids, shoes, polos & more! Skip to Main Content Callaway Golf 0. The Company was able to achieve this 2% increase despite absorbing the $31 million unfavorable sales impact from changes in foreign currency rates, approximately $5 million related to the incremental tariffs, and a $34 million increase in interest expense, primarily related to the financing of the Jack Wolfskin acquisition, all of which was offset by the record operating performance discussed above. The non-GAAP information may also be inconsistent with the manner in which similar measures are derived or used by other companies. The golf balls category increased 26% in the fourth quarter driven by continued success of the 2019 Supersoft and ERC Soft golf balls, as well as continued success of the Chrome Soft golf balls. From clearance shirts and jackets to discount pants and shorts, this exceptional golf apparel combines style, performance, and protection against the elements.Discover men’s golf clothing on sale that features gear for golfers of every level for any time of the year. It is very difficult, however, to provide an estimate with any degree of certainty given the dynamic nature of this crisis. email us. The replay may be accessed through the Internet at http://ir.callawaygolf.com/. Menu Close navigation menu. Still not a member of Callaway Rewards? Excluding the Jack Wolfskin acquisition, net sales increased 8% in 2019 (up 9% on a constant currency basis) driven by strong growth in all product categories and all regions. Purchased in white, green, yellow, and orange not necessarily when the order is placed income! Normal wear and tear Hybrids at CallawayGolf.com balls and Golf equipment in the Golf equipment business also! 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