Callaway says announces preliminary financial results for q1 and provides covid-19 business update

Announces preliminary financial results for first quarter 2020 and provides a covid-19 business update.expects to report q1 2020 gaap eps in range of $0.27 - $0.31.expects to report cash and cash equivalents of approximately $167 million and net debt of approximately $631 million as of march 31, 2020.as of march 31, 2020, company had over $250 million in cash and availability under its credit facilities..believes its cash and credit facilities are adequate to sustain its business through this crisis.implemented other programs to maximize cash and liquidity, including proactive inventory reduction programs.implemented other programs to maximize cash and liquidity, including a suspension of co's open market stock repurchase program.e-commerce has been exceeding expectations globally and is partially offsetting decline in wholesale and retail.golf,apparel businesses in china were down at beginning of year but both have rebounded well, exceeding co's expectations in april .sees q1 net sales $438 - $443 million.
ELY Ratings Summary
Quant
ELY Quant Ranking
Sector
Industry
Quant Rating
Quant Score