secwatch.observer — SEC 8-K summary
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Issuer:     Callaway Golf Co (CALY)
CIK:        0000837465
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0000837465-23-000017
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Topgolf Callaway Q1 revenue beats, raises FY Adj EBITDA midpoint; cuts EPS guidance
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- Q1 GAAP net income $25M ($0.13 diluted EPS); non-GAAP EPS $0.17, down 53% YoY.
- Net revenue $1.17B (+12.2% YoY); Topgolf same venue sales +11% (6th consecutive quarter).
- Full-year 2023 revenue guidance raised to $4,420-4,470M; Adj EBITDA midpoint increased to $632.5M.
- Non-GAAP diluted EPS guidance lowered to $0.63-0.69 from $0.70-0.78 mainly due to higher interest expense.
- Completed debt refinancing, reducing cost and extending maturities; Topgolf venue profitability targets raised.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837465/000083746523000017/0000837465-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837465/000083746523000017/modg-20230509.htm
  HTML page:      https://secwatch.observer/filing/0000837465-23-000017

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