Golf Clubs - Callaway - Double Figure Growth for Callaway Golf in 2007

The Callaway Golf company have announced a double in their net income annual sales for 2007.

The Carlsbad, Calif.-based golf clubs and equipment company generated net sales of $1.125 billion, a 10 percent increase on the previous years sales of $1.018 billion.  The net income of 2007 being $54.6 million compared with $23.3 million of the 2006.

Callaway had reported net sales declined 3 percent to $174.4 million compared to $179.9 for the fourth quarter  in 2006 and the company reported a net loss of more than $16 million. Callaway Golf officials have said that the increase in sales is due to an increase in product launches. To further stress the achievement of Callaway Golf, this was accomplished when operating expenses were increased by 15 percent from a year before.

Callaway Golf opened their sales reports by with figures to show the second-highest, first-quarter net sales in company history. That contributed to an increase in net sales for four of the five major categories for the year: Woods: + 15% | Irons: + 8% | Putters: + 6 % | Golf balls: - 1% | Accessories + 28 %

Though the company have enjoyed a 5% increase in their domestic sales, the chief increases are international. Callaway Golf earned a 21-percent gain in the European golf market, 14-percent gain in Japan and similar growth in its other Asian markets.

The Sports HQ is a trading company of Sports PLC – and is a European division for Confidence Sporting Goods, inc., the famous manufacturer from Palm Springs, California. Sports PLC supplies a wide range of golf equipment, including golf clubs from major brands such as Confidence, Palm Springs, Forgan, Prosimmon, Texan Classics, Ram, Bay Hill and Wilson – other products include: Golf Balls, Lake Balls, Golf Trolleys, Golf Accessories, Golf Bags, Golf Clothing, Golf Shoes and Golf Clothing. Because we sell directly to you, you can expect to save up to 85% on normal retail prices when buying from us.