Callaway Raises 2026 Outlook as Q3 Gross Margin Jumps 1,210 bps
Carlsbad – November 05, 2026 -- Callaway Golf Company (NYSE: CALY) raised its full-year 2026 net sales outlook to $2.065 billion-$2.078 billion and its Adjusted EBITDA outlook to $272 million-$280 million after third-quarter net sales and Adjusted EBITDA both beat expectations.
Gross margin gains offset a 5.6% sales decline
Net sales from continuing operations fell 5.6% to $436.9 million, which the company said was better than expected. Callaway had shifted its irons launch timing and cut lower-margin products to improve long-term profitability, and it had forecast lower second-half sales as a result. Foreign exchange headwinds in Asia also weighed on the quarter.
TravisMathew sales rose in the quarter. The company credited the launch of its Mini Spinner fairway woods and TRTL putters in Asia for the better-than-expected result.