<ARTICLE> 5
<LEGEND>
THE FINANCIAL DATA SCHEDULE HAS BEEN RESTATED TO REFLECT THE COMPANY'S ADOPTION
OF STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO. 128, "EARNINGS PER SHARE."
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CALLAWAY
GOLF COMPANY CONSOLIDATED BALANCE SHEET AND CONSOLIDATED STATEMENT OF INCOME AT
DECEMBER 31, 1996 AND FOR THE YEAR THEN ENDED AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED> 
       
                                                  
<PERIOD-TYPE>                   YEAR                   
<FISCAL-YEAR-END>                          DEC-31-1996           
<PERIOD-END>                               DEC-31-1996
<CASH>                                         108,457
<SECURITIES>                                         0
<RECEIVABLES>                                   80,814
<ALLOWANCES>                                     6,337
<INVENTORY>                                     98,333
<CURRENT-ASSETS>                               311,513
<PP&E>                                         125,174
<DEPRECIATION>                                  33,828
<TOTAL-ASSETS>                                 428,428
<CURRENT-LIABILITIES>                           61,052
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           729
<OTHER-SE>                                     361,538
<TOTAL-LIABILITY-AND-EQUITY>                   428,428
<SALES>                                        678,512
<TOTAL-REVENUES>                               678,512
<CGS>                                          317,353
<TOTAL-COSTS>                                  317,353
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                  21
<INCOME-PRETAX>                                195,595
<INCOME-TAX>                                    73,258
<INCOME-CONTINUING>                            122,337
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   122,337
<EPS-PRIMARY>                                    $1.83
<EPS-DILUTED>                                    $1.73