Callaway Golf Company Releases First Quarter 2010 Results
Carlsbad, California-based Callaway Golf Company today announced its financial results for the first quarter of 2010.
Net sales of $303 million, an increase of 11percent as compared to net sales of $272 million for the first quarter of 2009. Changes in foreign currency exchange rates favorably affected net sales by $15 million. On a currency-neutral basis (i.e. translating the company's first quarter 2010 results at first quarter 2009 exchange rates), net sales would be $288 million, an increase of 6 percent compared to the first quarter of 2009.