{"filings":[{"id":778958,"accession_number":"0001193125-26-251558","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2026-06-01T20:31:40+00:00","items":["7.01","9.01"],"status":"ready","headline":"Callaway Golf repays remaining $163M term loan B, reducing gross debt to $53M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Repaid full $163M term loan B balance with cash on hand; total gross debt now $53M ($44M Japan ABL, $9M equipment notes/leases).","Voluntary $1B prepayment in January 2026 preceded this final repayment, completing earlier announced balance sheet actions.","Unrestricted cash exceeds $150M after repayment; expects net cash to zero net leverage by year-end.","Repayment reduces future cash interest expense and enhances financial flexibility for capital allocation priorities."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":668836,"accession_number":"0001193125-26-239488","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2026-05-26T20:39:38+00:00","items":["1.01","5.07","9.01"],"status":"ready","headline":"Callaway Golf elects Dundon and Mandel, ratifies auditor, approves say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Thomas G. Dundon and Mark D. Mandel elected to Board at May 21, 2026 annual meeting.","All director nominees elected with majority votes; 160.4M shares represented.","Shareholders ratified Deloitte & Touche as auditor for FY 2026 (156M for, 3.5M against).","Advisory vote on executive compensation approved (136.9M for, 8.9M against, 13.9M broker non-votes).","Dundon and Mandel entered into standard indemnification agreements post-election."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99142,"accession_number":"0000837465-26-000016","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2026-05-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Callaway Q1 net sales $687.5M (+9%), Adj. EBITDA +31%; raises FY2026 outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q1 GAAP net income from continuing ops $74.9M ($0.38 diluted EPS); non-GAAP EPS $0.56, up 87% YoY.","Q1 Adjusted EBITDA $163.7M, up 31.1%; gross margin expanded ~260 bps to 47.7% on non-GAAP basis.","Full year net sales guidance raised to $2.015-2.070B (prev. $1.98-2.05B); Adj. EBITDA raised to $211-233M (prev. $170-195M).","Repurchased $79M in shares through April; settled $258M convertible notes in cash on May 1, 2026.","Golf Equipment segment sales +9.5%; Apparel, Gear and Other +8.4%; incremental $18M tariff expense absorbed."],"consensus_eps_estimate":null,"consensus_eps_actual":0.47,"consensus_revenue_estimate":null,"consensus_revenue_actual":687500000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":114993,"accession_number":"0000837465-26-000011","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2026-02-27T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Callaway provides recast segment data for 2025-2024 excluding divested Topgolf and Jack Wolfskin","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net sales $629.6M in Q1 2025, down 1.6% YoY; Golf Equipment segment operating income up 23.8% to $101.8M.","Diluted GAAP EPS from continuing operations $0.33 in Q1 2025; non-GAAP $0.30.","Q2 2025 net sales $600.4M, down 2.3% YoY; operating income $74.3M, down 14.3%.","Nine-month 2025 net sales $1,692.6M, down 0.8% YoY; total segment operating income $279.7M, up 1.0%.","Recast reflects new two-segment structure (Golf Equipment and Apparel, Gear and Other) after divestitures."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":114992,"accession_number":"0000837465-26-000007","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2026-02-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Callaway Golf Q4 net loss $66M, FY rev $2.06B; returns to pure-play golf after asset sales","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net loss from continuing ops $66.0M ($0.36 diluted EPS); adjusted EBITDA -$25.1M, down $29.5M YoY.","Full year net sales $2.06B (-0.8% YoY); GAAP net income $38.8M ($0.21 diluted EPS).","Sold Jack Wolfskin and 60% of Topgolf; post-transaction net cash position ~$680M cash, $480M debt.","2026 guidance: net sales $1.98B-$2.05B, adjusted EBITDA $170M-$195M; Q1 sales $635M-$665M.","Plans to pay off $258M convertible notes May 2026; $200M share repurchase program announced."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.2,"consensus_revenue_estimate":null,"consensus_revenue_actual":2060100000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":114991,"accession_number":"0001193125-26-014581","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2026-01-16T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"Topgolf Callaway Brands changes name to Callaway Golf Co., ticker to CALY","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Corporate name changed to Callaway Golf Company effective Jan 15, 2026 via certificate of amendment.","Ticker symbol to change from MODG to CALY, expected effective Jan 16, 2026 on NYSE.","No stockholder vote required; rights unchanged.","Amended and restated certificate and bylaws only reflect the name change."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":114994,"accession_number":"0000837465-26-000003","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2026-01-07T23:59:59+00:00","items":["1.01","2.01","7.01","9.01"],"status":"ready","headline":"Topgolf Callaway completes sale of 60% Topgolf stake; repays $1B debt, $200M buyback, name change to Callaway Golf","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Sold 60% stake in Topgolf/Toptracer to Leonard Green & Partners for ~$800M net proceeds; values Topgolf at ~$1.1B.","Repaid $1B term loan B; pro forma debt ~$480M, unrestricted cash ~$680M after close.","Board authorized $200M stock repurchase program, replacing prior program; convertible notes targeted for repayment.","Company to rename to 'Callaway Golf Company' effective ~Jan 15, 2026; ticker changes from MODG to CALY ~Jan 16.","Retains 40% stake in Topgolf with board representation, consent/consultation rights, and marketing partnership."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131379,"accession_number":"0001193125-25-309761","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2025-12-05T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Topgolf Callaway director C. Matthew Turney resigns; board reduced to nine","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["C. Matthew Turney resigned as director on December 2, 2025.","Resignation due to his departure from Dundon Capital Partners, not a disagreement with the company.","Board size reduced from ten to nine directors following the resignation.","Dundon is evaluating its options to designate a new director under the Stockholders Agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131378,"accession_number":"0001193125-25-294049","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2025-11-25T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Topgolf Callaway Brands CEO to participate in Jefferies virtual fireside chat Nov 25","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["CEO Chip Brewer will take part in a fireside chat hosted by Jefferies analyst Randy Konik.","Event scheduled for November 25, 2025 at 9:00 a.m. PT.","An accompanying deck will be posted on the IR website before the event.","A replay will be available on the same page approximately two hours after the chat."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.0,"calibrated_materiality_score":0.0,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131377,"accession_number":"0001193125-25-286175","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2025-11-18T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"Topgolf Callaway Brands to sell 60% stake in Topgolf to Leonard Green for ~$1.1B valuation; net proceeds ~$770M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Transaction values Topgolf at ~$1.1 billion; Company to receive ~$770M in net proceeds.","Company to retain 40% stake; post-close focus on Callaway, Odyssey, TravisMathew, Ogio brands (~$2B revenue).","Expected closing in Q1 2026; subject to HSR and customary conditions; no financing condition.","Upon closing, Company plans to rename to Callaway Golf Company and change ticker to CALY.","Board unanimously approved; Goldman Sachs and Centerview Partners advised Company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131376,"accession_number":"0000837465-25-000093","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2025-11-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Topgolf Callaway Q3 revenue beats, raises full-year guidance; Topgolf same-venue sales turn positive","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 revenue $934M (ex-Jack Wolfskin +3%), GAAP EPS -$0.08, non-GAAP EPS -$0.05.","Topgolf segment revenue $472M (+4.2%), same-venue sales +1% (first positive inflection).","Golf Equipment revenue $305M (+4%), but operating income fell $3.6M on $8M incremental tariffs.","FY2025 guidance raised: rev $3.90-3.94B (prev $3.80-3.92B), Adj. EBITDA $490-510M (prev $430-490M).","Q4 guidance rev $763-803M, Adj. EBITDA $13-33M; liquidity $1.254B."],"consensus_eps_estimate":null,"consensus_eps_actual":0.04,"consensus_revenue_estimate":null,"consensus_revenue_actual":3136800000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":147964,"accession_number":"0001193125-25-189811","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2025-08-27T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Topgolf Callaway Brands director Scott M. Marimow resigns; board reduced to 10","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Scott M. Marimow notified the company of his resignation as director on August 25, 2025.","Resignation was not due to any disagreement with the company's operations, policies, or practices.","Board size reduced from 11 to 10 directors effective August 26, 2025.","No replacement director has been named at this time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":147963,"accession_number":"0000837465-25-000076","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2025-08-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Topgolf Callaway Q2 rev $1.11B (-4.1% YoY), GAAP EPS $0.11, raises FY2025 outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 consolidated net revenue $1,110.5M, down 4.1% YoY; Adj EBITDA $195.8M (-4.8%).","GAAP net income $20.3M ($0.11 diluted EPS); Non-GAAP net income $45.6M ($0.24).","Sale of Jack Wolfskin completed May 31; available liquidity up 48% YoY to $1.16B.","Full year 2025 guidance raised: consolidated rev $3.80-3.92B, Adj EBITDA $430-490M.","Topgolf CEO Artie Starrs resigned; spin-off likely delayed to 2026 after new CEO."],"consensus_eps_estimate":null,"consensus_eps_actual":0.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":2202800000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":147962,"accession_number":"0001193125-25-170574","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2025-07-31T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Topgolf Callaway Brands CEO Artie Starrs resigns; Topgolf spin-off likely delayed to 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Artie Starrs resigns as CEO of Topgolf to become CEO of another company; will stay through Sept 2025 for transition.","Company reaffirms plan to spin-off or sell Topgolf, but now expects transaction in 2026 after hiring a new CEO.","Q2 2025 earnings to be reported next week; same venue sales trends improving.","Executive search for Starrs' replacement is underway."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":166685,"accession_number":"0001193125-25-135145","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2025-06-05T23:59:59+00:00","items":["2.01","2.03","7.01","9.01"],"status":"ready","headline":"Topgolf Callaway Brands completes sale of Jack Wolfskin to ANTA Sports for $290M cash","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Sale of Jack Wolfskin closed May 31, 2025; cash consideration $290M, net of cash sold and subject to adjustments.","Company says sale enhances financial flexibility ahead of planned separation of Topgolf from core operations.","Concurrent with sale, reallocated $20M from German ABL facility to U.S. facility and terminated remaining German facility.","Pro forma shows FY2024 revenue would be $3,892.7M vs $4,239.3M as reported, excluding Jack Wolfskin."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":166684,"accession_number":"0001193125-25-133466","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2025-06-02T23:59:59+00:00","items":["5.02","5.07"],"status":"ready","headline":"Shareholders approve 13.5M share increase to incentive plan, re-elect directors","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Shareholders approved amended 2022 Incentive Plan, increasing shares available by 13.5M.","All 11 director nominees elected; Adebayo O. Ogunlesi received 94.8% of votes cast.","Say-on-pay proposal approved with 135.6M votes for (98.3% of votes cast).","Ratified Deloitte & Touche as independent auditor for fiscal 2025 with 157.2M for."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":166683,"accession_number":"0000837465-25-000047","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2025-05-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Topgolf Callaway Q1 rev $1.092B (-4.5%), EPS $0.01; lowers Topgolf same-venue sales forecast","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP net income $2.1M ($0.01 diluted EPS) vs $6.5M ($0.04) YoY; Non-GAAP EPS $0.11 (+41.7%).","Adjusted EBITDA $167.3M (+4.0%); Q2 outlook $139-159M vs $206M prior year.","Topgolf same-venue sales -12% in Q1; full-year guidance cut to -6% to -12%.","Golf Equipment segment op income +23.8% to $101.6M; Active Lifestyle +23.9% to $30.6M.","Reaffirms FY revenue $4.0-4.185B, Adj. EBITDA $415-505M; Jack Wolfskin sale expected late Q2/Q3."],"consensus_eps_estimate":null,"consensus_eps_actual":0.01,"consensus_revenue_estimate":null,"consensus_revenue_actual":1092300000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":166682,"accession_number":"0001193125-25-078003","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2025-04-10T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Topgolf Callaway Brands sells Jack Wolfskin to ANTA Sports for $290M cash","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Sale price of $290M in cash, subject to working capital and customary adjustments; expected close late Q2/early Q3 2025.","Transaction subject to merger control and foreign investment approvals, plus other customary closing conditions.","Jack Wolfskin FY2025 embedded guidance: ~EUR 325M revenue, EUR 12M Adjusted EBITDA, with H1 loss of EUR 18M and H2 profit of EUR 30M.","Proceeds to enhance balance sheet and liquidity ahead of planned Topgolf separation from core operations.","ABL credit facility amended to permit release of Jack Wolfskin guarantees and reallocate $20M from German to U.S. facility."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":184106,"accession_number":"0000837465-25-000016","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2025-02-24T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Topgolf Callaway Q4 revenue +3% to $924M but $1.45B impairment drives GAAP loss","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 GAAP net loss of $1.512.7B includes $1.452B noncash Topgolf goodwill/intangibles impairment.","Q4 adjusted EBITDA $101.4M (+45% YoY); full-year adj EBITDA $587.7M (-1.5% YoY).","Full-year net revenue $4.239B (-1.1%); Topgolf same venue sales -9% in 2024.","2025 guidance: revenue $4.0-$4.185B, adj EBITDA $415-$505M; cites FX, tariff headwinds.","Topgolf separation costs ~$50M one-time; incremental $15M in standalone public company costs."],"consensus_eps_estimate":null,"consensus_eps_actual":-7.88,"consensus_revenue_estimate":null,"consensus_revenue_actual":4239300000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":200701,"accession_number":"0001193125-24-276283","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2024-12-12T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Topgolf completes sale of mobile game subsidiary WGT; no financial terms disclosed","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["Topgolf International sold World Golf Tour LLC (WGT) on Dec 11, 2024.","Divestiture aims to streamline operations and focus on venue-based gaming experiences.","No purchase price or counterparty name provided in the filing.","WGT was a mobile game subsidiary; sale aligns with core Topgolf venue strategy."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":200700,"accession_number":"0000837465-24-000076","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2024-11-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Topgolf Callaway Q3 net loss $3.6M, lowers FY revenue and EBITDA guidance, raises Topgolf EBITDA outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 GAAP net loss $3.6M vs net income $29.7M a year ago; diluted EPS -$0.02 vs $0.16.","Revenue $1,012.9M (-2.7% YoY); Adjusted EBITDA $119.8M (-26.6% YoY).","Lowered FY 2024 revenue guidance to ~$4.2B and Adj. EBITDA to $560-570M (from $570-590M).","Raised Topgolf Adj. EBITDA guidance to ~$315M (from ~$310M); Topgolf same-venue sales fell 11%.","Available liquidity strengthened to $863M (+$129M YoY); inventory down $70M to $666M."],"consensus_eps_estimate":null,"consensus_eps_actual":0.35,"consensus_revenue_estimate":null,"consensus_revenue_actual":3314900000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":216717,"accession_number":"0001193125-24-213153","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2024-09-04T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Topgolf Callaway Brands to spin off Topgolf into independent company; plans separation by H2 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board intends to separate into Callaway (golf equipment, active lifestyle, ~$2.5B LTM rev) and Topgolf (venues, ~$1.8B LTM rev, excl. Toptracer).","Separation expected via tax-free spin-off of at least 80.1% of Topgolf to shareholders; target completion in second half of 2025.","Post-separation, Callaway will retain existing financial debt; Topgolf will have no financial debt and a significant cash balance.","Chip Brewer to continue as CEO of Callaway; Artie Starrs as CEO of Topgolf. Callaway will remain Topgolf's exclusive golf equipment partner.","Topgolf to reduce new venue development to mid-single digit range in 2025 to balance growth and free cash flow."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":216716,"accession_number":"0000837465-24-000068","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2024-08-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Topgolf Callaway Q2 net income $62M, full-year guidance lowered, launches Topgolf strategic review","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 revenue $1.158B (-1.9% YoY); GAAP net income $62M vs $117M last year; Adj. EBITDA $206M.","Full-year revenue guidance cut to $4.20-4.26B from $4.435-4.475B; Adj. EBITDA guidance cut to $570-590M.","Topgolf same venue sales -8% (below expectations); segment revenue +5% on new venues; formal strategic review includes potential spin.","Golf Equipment revenue -8.2% ($413.8M); Active Lifestyle -3.2% ($249.6M); inventory down $192.7M YoY.","Made $50M discretionary term loan paydown; first-half operating cash flow improved $173M YoY."],"consensus_eps_estimate":null,"consensus_eps_actual":0.36,"consensus_revenue_estimate":null,"consensus_revenue_actual":2302000000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236399,"accession_number":"0001193125-24-155163","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2024-06-05T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Topgolf Callaway shareholders elect directors, ratify auditor, approve say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All 13 director nominees elected with majority support; highest votes 143.4M for C. Matthew Turney.","Ratification of Deloitte & Touche LLP as auditor for FY2024: 162.9M for, 1.4M against.","Advisory vote on executive compensation approved: 141.6M for, 2.8M against, 19.8M broker non-votes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236398,"accession_number":"0001193125-24-153114","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2024-06-03T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Topgolf Callaway prepays $50M of term loan B debt voluntarily","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Voluntary prepayment of $50 million towards term loan B debt.","Prepayment made on May 31, 2024, under Credit Agreement dated March 16, 2023.","Bank of America, N.A. serves as administrative agent for the credit facility.","Prepayment aligns with previously announced debt reduction plans."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236397,"accession_number":"0000837465-24-000030","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2024-05-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Topgolf Callaway Q1 revenue $1.14B in line; EBITDA beat; lowers FY revenue view by $80M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q1 GAAP net income $7M, non-GAAP net income $16M; Adjusted EBITDA $161M ahead of expectations.","Topgolf same venue sales -7% in line; segment revenue up 4.8% to $423M on new venues.","Full-year revenue guidance cut $80M to $4,435-$4,475M on foreign currency and Jack Wolfskin weakness.","Adjusted EBITDA guidance reaffirmed $620-$640M; non-GAAP EPS view raised to $0.31-$0.39.","Ai Smoke clubs #1 US market share in driver, fairway woods, irons; Chrome Tour balls record 11% premium share."],"consensus_eps_estimate":null,"consensus_eps_actual":0.04,"consensus_revenue_estimate":null,"consensus_revenue_actual":1144200000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":254053,"accession_number":"0001193125-24-073881","cik":837465,"company_name":"Callaway Golf Co","ticker":"CALY","form_type":"8-K","filed_at":"2024-03-21T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Topgolf Callaway Brands reprices $1.24B term loan, cuts interest rate by 60 bps","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Repriced $1.24B first-lien term loan due 2030, lowering rate to SOFR +300 from SOFR +350.","Eliminated 10-bps credit spread adjustment for a total reduction of 60 basis points.","Expected annualized interest expense savings of more than $7 million.","CFO Brian Lynch stated repricing supports leverage management and financial flexibility."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2834776936.4117265,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}