Callaway Lifts Outlook on Resilient Demand For Golf Balls, Clubs
A Callaway golf ball at the Hero Dubai Desert Classic at Emirates Golf Club in Dubai.
Photographer: Richard Heathcote/Getty ImagesCallaway Golf Company shares jumped after the company raised its full-year outlook, citing resilient demand from golfers despite macroeconomic uncertainty.
The golf equipment-maker now expects full-year revenue of $2.02 billion to $2.07 billion, up from $1.98 billion to $2.05 billion previously. Strong product demand and cost savings, along with a healthy golf market, support the higher outlook, Chief Executive Officer Chip Brewer said in a Thursday statement.