secwatch.observer — SEC 8-K summary
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Issuer:     Callaway Golf Co (CALY)
CIK:        0000837465
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000837465-22-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Topgolf Callaway Q3 revenue up 15.4% to record $988.5M; raises FY2022 guidance
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- Q3 2022 revenue $988.5M (+15.4% YoY, +21.3% constant currency); GAAP net income $38.5M vs $16.0M loss in Q3 2021.
- Non-GAAP net income $44.6M (+69.6% YoY); Adjusted EBITDA $144.4M (+4.0% YoY, +22.7% constant currency).
- Topgolf segment revenue $413.8M (+24% YoY); same-venue sales +11% vs Q3 2019.
- FY2022 revenue guidance raised to $3,965M-$3,985M; Adjusted EBITDA guidance raised to $560M-$570M.
- FY2023 outlook: ~$600M Adjusted EBITDA, revenue growth ~10% YoY (~13% constant currency).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837465/000083746522000023/0000837465-22-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837465/000083746522000023/modg-20221103.htm
  HTML page:      https://secwatch.observer/filing/0000837465-22-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer