Topgolf Callaway Q2 revenue up 5.7% to $1.18B; reiterates FY2023 guidance

Callaway Golf Co

2023-Q2 EPS reported $0.72 revenue$2,347,100,000

GAAP EPS $0.59 vs $0.53 YoY; non-GAAP EPS $0.39 vs $0.47.
Topgolf revenue +16.6% to $470.8M; same venue sales growth ~1% (within guidance).
Adjusted EBITDA $206.2M, slightly above high end of guidance, down 0.5% YoY.
FY2023 guidance reaffirmed: revenue $4.42-4.47B, Adj. EBITDA $625-640M, non-GAAP EPS $0.63-0.69.
On track for positive free cash flow in 2023; 2 new Topgolf venues opened in Q2.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Callaway Golf Co updated its second quarter ended June 30, 2023 guidance (reaffirmed).

Period: second quarter ended June 30, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On August 8, 2023, Topgolf Callaway Brands Corp. issued a press release and is holding a conference call regarding its financial results for the second quarter of 2023.

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Source: SEC EDGAR

accession 0000837465-23-000026

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