He was promoted to Inside Sales - National Account Manager in March 1997, Regional Sales Manager - East U.S. in November 2002, Director of Special Markets in June 2006 and Vice President, Special Markets and Mass Merchants in August 2008. Callaway Golf Hölzer für Herren 448,00 € * pieper-golf.de 25 . Skip to main content . For more information please visit www.callawaygolf.com, www.odysseygolf.com, www.OGIO.com, www.travismathew.com, and www.jack-wolfskin.com. Be sure to act quick because quantities are limited and once they are gone they normally cannot be ordered from the manufacturer. The projections also include the impact of the Full-Year Macrofactors discussed above. 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. Represents the estimated impact of the Coronavirus on the Company's supply chain and customer and consumer demand for products. To obtain your RMA and your FREE UPS Return Shipping Label, please contact a Sales and Customer Service Representative toll free at 1-877-723-5218 or email us. Join & start earning points. Close menu . The Q1 Macrofactors are also expected to have a positive impact on 2020 operating expenses, primarily from changes in foreign currency rates. Represents the amortization of intangible assets related to the Company's OGIO and TravisMathew acquisitions for the three months ended December 31, 2019 and 2018, as well as the amortization of intangible assets and the cost impact associated with a change in valuation of inventory (inventory step-up) related to the Company's Jack Wolfskin acquisition for the three months ended December 31, 2019. Not Satisfied? 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%. Operating expenses increased 41% to $634 million in 2019 compared to $450 million in 2018. This increase is being driven primarily by the continued investment in the Company's soft goods businesses, which includes new market expansion for Jack Wolfskin, continued infrastructure and brand investment for TravisMathew and investment in Asia to grow all of the Company's apparel brands. Callaway Golf's unwavering commitment to innovation and the creation of new golf technologies is well-established. The non-GAAP earnings per share in 2019 also includes a $31 million ($0.26 per share) increase in other expense primarily related to interest expense on the purchase financing for the Jack Wolfskin acquisition. About Callaway Golf CompanyCallaway Golf Company (NYSE: ELY) is a premium golf equipment and active lifestyle company with a portfolio of global brands, including Callaway Golf, Odyssey, OGIO, TravisMathew and Jack Wolfskin. It is very difficult, however, to provide an estimate with any degree of certainty given the dynamic nature of this crisis. Shop TGW.com for Callaway golf balls. ", Mr. The gross margin in 2019 was negatively impacted by $13 million of purchase accounting adjustments and non-recurring costs related to the Jack Wolfskin acquisition. This information estimates the impact of changes in foreign currency rates on the translation of the Company's current or projected future period financial results as compared to the applicable comparable period. vor 10 Tagen. Skip to Main Content Callaway Golf. Dollars based upon the foreign currency exchange rates for the applicable comparable period. The words "believe," "expect," "estimate," "could," "should," "intend," "may," "plan," "seek," "anticipate," "project" and similar expressions, among others, generally identify forward-looking statements, which speak only as of the date the statements were made and are not guarantees of future performance. Callaway MAVRIK Sub Zero Driver - 2020 Price Drop! Sports & Fitness Golf Clothing Club Sets Drivers Fairway Woods Golf Balls Golf Shoes Golf GPS Irons Putters Wedges Sales & Deals 1-24 of 211 results for "Golf Clubs" Skip to main search results The one stop shop for everything you may need, whether it's a golf day, corporate event or activation, Callaway and our family of brands have got you covered. Excluding non-recurring and acquisition-related expenses, non-GAAP operating expenses increased $172 million, or 39%, to $617 million compared to $445 million in 2018. From polos & jackets to pants & shorts, we carry your favorite men’s and women’s golf clothing. Callaway golf clubs are the most advanced golf clubs you can use on a golf course. Skip to Main Content Callaway Golf 0. Sort By: On Sale! If product is unused the refund will credit back to your original payment method. Outside of the United States, local taxes, tariffs or shipping charges may apply. For additional information concerning these and other risks and uncertainties that could affect these statements, the golf industry, and the Company's business, see the Company's Annual Report on Form 10-K for the year ended December 31, 2018 as well as other risks and uncertainties detailed from time to time in the Company's reports on Forms 10-Q and 8-K subsequently filed with the Securities and Exchange Commission. The Company announced the following GAAP and non-GAAP financial results for the fourth quarter of 2019 (in millions, except EPS): Net sales increased $131 million (73%) to $312 million, a new record for the Company. We hope and pray for a speedy resolution. Callaway Products are Backed for Two Years. Excluding Jack Wolfskin, the apparel, gear and other segment increased 19% driven by strong growth in the TravisMathew business. United Kingdom: Chris Gregg Partnership & Corporate Sales Manager . Browse Callaway Apparel’s golf apparel clearance collection. 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. The Jack Wolfskin business, which the Company acquired in early 2019, contributed $356 million of this sales growth compared to 2018. SC350505. Callaway was founded in 1982, originally a boutique manufacturer of high quality wedges and putters which has now become the worlds largest maker of premium golf clubs. 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. Accrued employee compensation and benefits, Total Callaway Golf Company shareholders' equity, Non-controlling interest in consolidated entity, Total liabilities and shareholders' equity, Less: Net income attributable to non-controlling interests, Net loss attributable to Callaway Golf Company. Excluding such costs, non-GAAP earnings per share increased 2% to $1.10 compared to $1.08 in 2018. Gear up for your season with men’s golf apparel clearance items featuring performance wear that pushes the limits. To obtain a Return Merchandise Authorization (RMA) and your Menu Close navigation menu. Please allow 1-2 billing cycles for the refund credit to appear on your statement. The popular Chrome Soft, Chrome Soft X and other designs are available in multiple colors. The Company estimates full year 2020 Adjusted EBITDA of $190 - $205 million. We are always searching for solutions that will improve the accessibility of our site. Outside of the United States, all warranty service must be obtained from the distributor or subsidiary in the country in which the club was purchased. The 2020 gross margin will also be affected by the Full-Year Macrofactors described above. The increase reflects the acquisition of Jack Wolfskin in January 2019, which contributed $356 million in net sales in 2019, and on a constant currency basis, Jack Wolfskin would have contributed $374 million in net sales. Still not a member of Callaway Rewards? email us. This increase reflects the acquisition of Jack Wolfskin in January 2019, which contributed $81 million in net sales in the fourth quarter of 2019. The Company's 2020 earnings per share estimate assumes an effective tax rate of approximately 18.0% which is slightly higher than 2019. Accessibility is an ongoing effort for the Global Golf team. For the sake of simplicity, these will be referred to collectively as the "Full-Year Macrofactors". Free shipping available only to addresses within the contiguous US. 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. In the case of a Callaway Golf component, you must obtain warranty service through an authorized Callaway Golf retailer of that component. To determine the Callaway Golf authorized retailer, distributor or subsidiary nearest you, check our website at www.callawaygolf.com or contact Callaway Golf directly. Menu Close navigation menu. Search Clubs Balls Accessories Tour News + Buzz Demo Days Custom Fitting Back to previous navigation menu Clubs Close navigation menu. 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. Make Callaway your ball of choice. Management uses such non-GAAP information for financial and operational decision-making purposes and as a means to evaluate period-over-period comparisons and in forecasting the Company's business going forward. Buy Callaway Golf Clubs, including Drivers, Irons, Fairway Woods, Wedges and Hybrids at CallawayGolf.com. Estimated year-over-year impact of Section 301 tariffs based on information available as of February 10, 2020. The Company also provided sales information on a constant currency basis and information regarding its earnings before interest, taxes, depreciation and amortization expenses, non-cash stock compensation expenses, non-recurring OGIO, TravisMathew and Jack Wolfskin transaction and transition-related expenses, and non-recurring advisory fees ("Adjusted EBITDA"). The remainder of the increase was related to investments in the TravisMathew and golf equipment businesses to support the sales growth. Earnings per share decreased 3% to a loss per share of ($0.31), compared to a loss per share of ($0.30) for the fourth quarter of 2018. Callaway Golf Sale. Excluding non-recurring and acquisition-related expenses, operating expenses increased $38 million, or 35%, to $148 million when compared to $110 million in the fourth quarter of 2018. Represents the amortization of intangible assets related to the Company's OGIO and TravisMathew acquisitions for the year ended December 31, 2019 and 2018, as well as the amortization of intangible assets and the cost impact associated with a change in valuation of inventory (inventory step-up) related to the Company's Jack Wolfskin acquisition for the year ended December 31, 2019. The golf clubs category increased 7% (up 8% on a constant currency basis) driven by the success of market-leading products including the Epic Flash driver, Apex irons, MD5 wedges, and Stroke Lab putters. This graph depicts the net sales of Callaway Golf from 2017 to 2019, broken down by product category. Winter Sale. Operating expenses increased 36% to $153 million in the fourth quarter of 2019 compared to $113 million for the same period in 2018. This decrease was primarily due to the current year golf equipment product mix of higher priced products which typically have lower gross margins due to more advanced technology, as well as increased tariff expense, and the negative impact of foreign currency exchange rates, all slightly offset by the favorable mix impact of the TravisMathew and Jack Wolfskin businesses, which are accretive to gross margin. The manner in which this non-GAAP information is derived is discussed further toward the end of this release, and the Company has provided in the tables to this release a reconciliation of the non-GAAP information to the most directly comparable GAAP information. They include the estimated impact of certain factors, including (1) the coronavirus which is estimated to have a negative impact of $25 million on net sales and $13 million on Adjusted EBITDA, (2) changes in foreign currency effects, which are estimated to have a negative impact of $9 million on net sales and $10 million on Adjusted EBITDA, and (3) incremental tariff expense of $3 million on cost of goods sold and Adjusted EBITDA. "2019 was another successful year for our Company," commented Chip Brewer, President and Chief Executive Officer of Callaway Golf Company. This was slightly offset by increased tariff expense and a negative impact of foreign currency exchange rates. The replay may be accessed through the Internet at http://ir.callawaygolf.com/. Summary of Fourth Quarter 2019 Financial Results. Return Your Product for a Refund. 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