earnings
confidence high
sentiment positive
materiality 0.75
Topgolf Callaway Brands Q4 revenue up 19.6% to $851M; raises FY2023 outlook
Callaway Golf Co
2022-FY EPS reported
$0.82
revenue$3,995,700,000
- Q4 net revenue $851.3M (+19.6% YoY); net loss $72.7M but operating loss improved 36.6%.
- Full year revenue $3,995.7M (+27.5%), net income $157.9M, Adjusted EBITDA $558.1M (+25.3%).
- Raised FY2023 revenue guidance to $4,415-4,470M (10-12% growth) and Adjusted EBITDA to $620-640M.
- Topgolf segment: 11 new venues opened in 2022; same venue sales +7% vs 2019.
- Q1 2023 revenue expected $1,135-1,155M; Adjusted EBITDA $135-145M.