Callaway Golf posts 6% increase in sales

27/07/2006

Callaway Golf Company has published its financial results for the second quarter ended June 30.

Net sales for the quarter were $341.8 million, an increase of 6% compared with $323.1 million for the same period in 2005. Gross profit was $140.1 million (41% of net sales), a decrease of $6.6 million from $146.7 million (45% of net sales) for the second quarter of 2005.

For the six-month period ended June 30, net sales totalled $644.3 million, an increase of 3.3% compared with $623 million for the same period in 2005.

Gross profit was $271.6 million (42% of net sales), a decrease of $7.7 million from $279.3 million (45% of net sales) for the first half of 2005.