Callaway Golf says its sales for the 2008 financial year will show a decline to $1.117 billion from $1.125 billion in 2007, but the company will meet its earnings guidance of $0.93-95 per share ($60 million), roughly flat with 2007 earnings but about 6 percent up in terms of earnings per share. In releasing these preliminary, Callaway noted that they exclude some important one-time charges and gains. The company added that it is anticipating adverse global economic conditions to continue in 2009 and that the strengthening dollar will have a negative impact on results from international operations, which accounted for 47 percent of sales in 2007. Callaway is confident that its product line and brands are strong and will continue to manage costs while leveraging its supply chain initiatives.