Subscribe
Font Size
Join our Mailing List
DailyPulse
Home Daily Golf Briefs Daily Pulse for February 8, 2019

golfbiz

Web Street Golf Daily Pulse
VOLUME 9, NUMBER 25                                                         
Friday, February 8, 2019

ANY IDEA WHO SAID THIS? “I went to a high school that specialized in jobs for the fishing industry and I had my thumb cut off in a chain saw accident. And for about two years I couldn't do anything. And then afterwards I was able to get a part-time job at a golf course and that's how I started my golfing career. I personally love my swing. I didn't start golf until I was in my late 20s, so technically I didn't take any lessons growing up. But regarding flexibility or anything like that, I might not have as much compared to the other Tour players, but I do what I can with what I have. And also with the advancement in technology and with how far these players are hitting it nowadays I needed to find my own unique way to get that extra distance. And by hitting it hard and by swinging hard I was able to swing the way I do right now, so that might result in to how I'm swinging it.”

BRAIN TEASER: Can you name the last international winner of the AT&T Pebble Beach Pro-Am?

DIGGING DEEPER: Callaway Golf put together another record year in 2018. “In the US, our revenues were up 25% for the year. These results were driven by market conditions that were up approximately 5% for the year on hard goods,” said Chip Brewer, Callaway’s CEO. “Our full year of hard goods market share according to Golf Datatech was 24%, down 110 basis points versus last year. However, I believe this understates our overall market share as several key accounts are not captured in this data. Anyway, according to Datatech, we remain the number one in total clubs and in golf balls; we remain the number 2 brand with 16.4% dollar share, up 210 basis points year over year.

“In Japan, our revenues were up 12% for the year, we grew in our core equipment business as well as our apparel joint venture. Our year to date hard goods dollar market share was 17%, down 250 basis points but maintaining our number 2 position in this market. In Europe, revenues were up 6% for the year.  The European market overall was slightly down for the year but close to flat. For Europe as a whole, we were the number one hard goods brand with a hard goods share of 22.7%, down versus last year but in line with our expectations and 420 basis points more than the number 2 brand.”

Callaway also reported changes in foreign currency exchange rates positively impacted its 2018 net sales ($1.243 billion) by $14 million for the full year.

MY BONNIE LIES O’ER THE OCEAN! A new golf campaign aimed specifically at encouraging more women to travel to Scotland to play golf has been launched by VisitScotland. The campaign features four women who, as friends, are filmed enjoying a golf break, which also involves other fun activities off the course. The content will be aimed at VisitScotland’s key golf markets in the UK, Germany, North America, Scandinavia and The Netherlands. READ MORE>>>

WEB GEMS:

BOTTOMS UP? The 56-year-old described himself as a "habitual alcoholic" and shared that he gave up drinking on Oct. 23, 2017. "I couldn't tell you since last October, years before that, a day I went without having a drink," Mediate said. "I knew at the time that eventually it was going to get me." READ MORE>>>

WHAT WILL PHIL DO NEXT? Phil Mickelson on Thursday did something he had not managed in more than two decades when he hit every fairway in the first round at the Pebble Beach Pro-Am in northern California. READ MORE>>>

ANSWERS: “I went to a high school that specialized in jobs for the fishing industry and I had my thumb cut off in a chain saw accident. And for about two years I couldn't do anything. And then afterwards I was able to get a part-time job at a golf course and that's how I started my golfing career. I personally love my swing. I didn't start golf until I was in my late 20s, so technically I didn't take any lessons growing up. But regarding flexibility or anything like that, I might not have as much compared to the other Tour players, but I do what I can with what I have. And also with the advancement in technology and with how far these players are hitting it nowadays I needed to find my own unique way to get that extra distance. And by hitting it hard and by swinging hard I was able to swing the way I do right now, so that might result in to how I'm swinging it.”--Ho Sung Choi

The last international winner of the AT&T Pebble Beach Pro-Am was Vijay Singh back in 2004.

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF