Callaway Golf Announces Highest Golf Ball Market Share In Company History

Rhea-AI Summary

Callaway Golf (NYSE: ELY) achieved its highest monthly U.S. golf ball market share in July 2021, surpassing 20%, according to Golf Datatech. The company also reported record financial results for Q2 and H1 2021. Callaway's growth is driven by the strong performance of its Chrome Soft Golf Ball Family, used by top players including Phil Mickelson and Jon Rahm. With over $50 million invested in golf ball production, Callaway is focused on delivering high-quality products and plans to build on its success moving forward.

Positive

• Achieved over 20% U.S. golf ball market share in July, the highest in company history.
• Record financial results for Q2 and H1 2021.
• Strong consumer demand for golf balls, significantly higher than July 2020.

Negative

• None.

CARLSBAD, Calif., Aug. 18, 2021 /PRNewswire/ -- Today, Callaway Golf (NYSE: ELY) announced that it achieved its highest monthly U.S. golf ball share ever in July, per Golf Datatech analysis. This announcement comes just one week after the Company reported record financial results for both the second quarter and the first half of 2021.

In July, Callaway earned more than 20% of the U.S. golf ball market share, further enhancing its position as the #2 selling golf ball brand and the fastest growing major golf ball brand since 2013. Retail spend in golf balls continues to be strong versus record sales levels from July 2020, with exceptional demand from consumers. Additionally, while Golf Datatech covers a broad portion of the market, internal analysis from Callaway indicates that the Company's actual golf ball share across all channels is potentially even higher.

Callaway's record-setting share is led by the outstanding performance of their Chrome Soft Golf Ball Family. These golf balls are better for everyone, from amateurs to the top players on TOUR. In fact, Phil Mickelson (PGA Championship), World Number One Jon Rahm (U.S. Open), and Annika Sorenstam (U.S. Senior Women's Open) have all recently won major championships while using a Chrome Soft X Golf Ball. And earlier this month, Xander Schauffele won gold in Tokyo with a new Chrome Soft X LS.

"We are thrilled to reach our highest U.S. golf ball market share ever at over 20%, and we're excited to build on this momentum going forward," said Callaway President & CEO, Chip Brewer. "With over $50 million invested into golf ball production during the past several years, we're committed to delivering the highest performing, highest quality golf balls in the world. That investment is especially paying off for Chrome Soft, which is performing incredibly well in the market, with our customers, and out on TOUR."

For more information regarding Callaway golf balls, please visit http://www.callawaygolf.com. To keep up to date with all the latest Callaway news and announcements, please follow them on social media: @CallawayGolf.

About Callaway Golf Company
Callaway Golf Company (NYSE: ELY) is an unrivaled tech-enabled golf company delivering leading golf equipment, apparel and entertainment, with a portfolio of global brands including Callaway Golf, Topgolf, Odyssey, OGIO, TravisMathew and Jack Wolfskin. Through an unwavering commitment to innovation, Callaway manufactures and sells premium golf clubs, golf balls, golf and lifestyle bags, golf and lifestyle apparel and other accessories, and provides world-class golf entertainment experiences through Topgolf, its wholly-owned subsidiary. For more information please visit www.callawaygolf.com, www.topgolf.com, www.odysseygolf.com, www.OGIO.com, www.travismathew.com, and www.jack-wolfskin.com.

MEDIA CONTACTS: 
Jeff Newton
Callaway Golf Company
Jeff.Newton@callawaygolf.com

Lauren Scott
(760) 931-1771
invrelations@callawaygolf.com

 

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SOURCE Callaway Golf

FAQ

What is the significance of Callaway Golf's 20% market share in July 2021?

Callaway Golf reached over 20% of the U.S. golf ball market share in July 2021, marking its highest share ever and showcasing its strong position in the industry.

How did Callaway Golf perform financially in the second quarter of 2021?

Callaway Golf reported record financial results for the second quarter of 2021, reflecting strong sales and growth.

Which golf balls contributed to Callaway's market success?

The outstanding performance of the Chrome Soft Golf Ball Family significantly contributed to Callaway's market success and high share in July 2021.

Who are some notable players using Callaway golf balls?

Notable players using Callaway's Chrome Soft golf balls include Phil Mickelson, Jon Rahm, and Annika Sorenstam, all of whom have won major championships with them.

What investments has Callaway Golf made in golf ball production?

Callaway Golf has invested over $50 million into golf ball production over the past several years to enhance product performance and quality.