Callaway golf says business being materially impacted to various degrees due to covid-19

Callaway golf - as covid-19 continues to spread around world, business is being materially impacted to various degrees.callaway golf co - business in asia, including large portion of supply chain, saw significant negative impacts earlier in quarter.callaway golf co - business in asia has now begun to show early signs of stability and appears to be on a path to returning to normal operations.callaway golf co - u.s. and european businesses have only recently started to realize significant negative impacts.callaway golf co - expect to realize some delays in shipment as local government regulations cause temporary shutdown of certain warehouses.callaway golf co - no longer expect to achieve financial guidance provided on february 10, 2020.callaway golf co - unable to provide further guidance at this time.callaway golf co - proactively taking actions to significantly reduce costs and conserve cash.callaway golf co - believe company has adequate cash on hand and borrowing capacity under its credit facilities.callaway golf co - taking significant steps to reduce discretionary spending and infrastructure costs.
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