Callaway Suffers From A Sluggish Golf Market

2010-11-10T00:00:00

Callaway Golf’s third-quarter sales were down by 8 percent to $175.6 million. The gross margin slipped by 3.3 percentage points to 27.9 percent. The company suffered from increased charges, the negative impact of some fixed operating costs and non-cash inventory charges related to its former Ashworth apparel license, and ended ...

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