Callaway’s Bullish 2015 Outlook

Callaway-logoCarlsbad, United States: Callaway Golf Company believes that it will continue to grow market share in 2015 and that industry conditions will improve.
The company, however, is anticipating continued headwinds from adverse changes in foreign currency exchange rates and retailer conservatism during the first half of 2015, as well as a reduction in closeout sales in 2015 compared to 2014.
In announcing its preliminary outlook for 2015, the company said it believes that these factors will be offset by full year sales growth of 5%-6% in the company’s core channel business next year.
The company further cautioned that the strategic change in product launch timing will adversely impact its first quarter 2015 sales comparisons to 2014, although it will benefit the company in the long-term.
Considering all of these positive and negative factors, Callaway, a Full Business Member of the Asian Golf Industry Federation, is currently estimating that its net sales will grow 1%-2% on a consolidated basis in 2015.
The company said it also expects steady improvement in its profitability in 2015.

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