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Article Date: February 2020
Word Count: 631

Callaway Sees Organic and Jack Wolfskin Gains in Q4


Net loss expanded slightly to $29,218,000 against a loss of $28,499,000 in Q4 ’18 as the addition of Jack Wolfskin and strong organic growth in a seasonally small quarter for golf gear sent revenues 73% higher to $311,941,000 from $180,678,000. The bottom line was pulled down by $30 million ($0.28) of non-cash purchase accounting adjustments and acquisition-related costs. Gross margin was up 300 basis points to 41.7% helped by growth from the higher-margin Jack Wolfskin and TravisMathew apparel sales, as well as new product launches in equipment, with a slight headwind from tariffs and ForEx. SG&A was $39 million higher ... Log in to view full article.

 


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