secwatch.observer — SEC 8-K summary
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Issuer:     Callaway Golf Co (CALY)
CIK:        0000837465
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0000837465-23-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837465/000083746523000026/0000837465-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837465/000083746523000026/modg-20230808.htm
  HTML page:      https://secwatch.observer/filing/0000837465-23-000026

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