{"schema_version":"secwatch.filing_event.v1","accession":"0000837465-23-000034","form_type":"8-K","ticker":"CALY","cik":"0000837465","company_name":"Callaway Golf Co","filed_at":"2023-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.129117+00:00","generated_at":"2026-06-08T12:19:10.908667+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Topgolf Callaway cuts FY 2023 guidance on lower Topgolf same venue sales; Q3 GAAP EPS down 20%","bullets":["Q3 GAAP EPS $0.16 vs $0.20 prior year; net income $29.7M down 22.9%.","Revenue $1,040.6M up 5.3% YoY; Topgolf revenue up 8.2% to $447.7M.","Topgolf same venue sales declined 3%; FY2023 guidance reduced: rev $4,235-4,260M (from $4,420-4,470M), Adj EBITDA $575-585M (from $625-640M), non-GAAP EPS $0.39-0.43 (from $0.63-0.69).","Segment operating income: Topgolf +64.8% to $38.9M, Golf Equip -29%, Active Lifestyle +42.3%.","Interest expense rose $17.2M to $52.3M due to higher rates and additional debt."],"urls":{"canonical":"https://secwatch.observer/filing/0000837465-23-000034","json":"https://secwatch.observer/filing/0000837465-23-000034.json","markdown":"https://secwatch.observer/filing/0000837465-23-000034.md","text":"https://secwatch.observer/filing/0000837465-23-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/837465/000083746523000034/0000837465-23-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/837465/000083746523000034/modg-20231108.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T12:19:10.908667+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f464bf49750d142b272a64dff1722108af77d6f4","claim":"Callaway Golf Co reported the third quarter ended September 30, 2023 results: revenue $1,040.6, net income $29.7, EPS $0.16. Guidance lowered.","evidence_excerpt":"except percentages and per share data) Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 $ Change % Change 2023 2022 $ Change % Change Net revenues $ 1,040.6 $ 988.5 $ 52.1 5.3 % $ 3,387.7 $ 3,144.4 $ 243.3 7.7 % Income from operations 73.8 68.2 5.6 8.2 % 270.3 291.5 (21.2) (7.3) % Other expense, net (47.1) (29.4) (17.7) 60.2 % (151.2)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/837465/000083746523000034/0000837465-23-000034-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2023"},{"label":"Revenue","value":"$1,040.6"},{"label":"Net income","value":"$29.7"},{"label":"EPS","value":"$0.16"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}