<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 CONDENSED BALANCE SHEET (UNAUDITED) AND CONSOLIDATED
CONDENSED STATEMENT OF INCOME (UNAUDITED) AT SEPTEMBER 30, 1997 AND 1996 AND FOR
THE NINE MONTH PERIODS THEN ENDED AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED> 
       
                                                  
<PERIOD-TYPE>                   9-MOS                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1996
<PERIOD-END>                               SEP-30-1997             SEP-30-1996
<CASH>                                          41,493                 140,331
<SECURITIES>                                         0                       0
<RECEIVABLES>                                  169,208                  91,301
<ALLOWANCES>                                     7,336                   6,437
<INVENTORY>                                     73,016                  86,629
<CURRENT-ASSETS>                               308,301                 340,483
<PP&E>                                         173,029                 111,635
<DEPRECIATION>                                  46,484                  30,652
<TOTAL-ASSETS>                                 571,122                 444,655
<CURRENT-LIABILITIES>                           89,337                 105,572
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                     726
<PREFERRED>                                          0                       0
<COMMON>                                           746                       0
<OTHER-SE>                                     474,277                 335,213
<TOTAL-LIABILITY-AND-EQUITY>                   571,122                 444,655
<SALES>                                        679,540                 539,685
<TOTAL-REVENUES>                               679,540                 539,685
<CGS>                                          319,026                 253,899
<TOTAL-COSTS>                                  319,026                 253,899
<OTHER-EXPENSES>                                     0                       0
<LOSS-PROVISION>                                 1,098                       0
<INTEREST-EXPENSE>                                  10                      14
<INCOME-PRETAX>                                175,110                 154,918
<INCOME-TAX>                                    66,773                  58,108
<INCOME-CONTINUING>                            108,337                  96,810
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                   108,337                  96,810
<EPS-PRIMARY>                                    $1.59                   $1.45
<EPS-DILUTED>                                    $1.52                   $1.38