secwatch.observer — SEC 8-K summary
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Issuer:     Callaway Golf Co (CALY)
CIK:        0000837465
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0000837465-23-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Topgolf Callaway cuts FY 2023 guidance on lower Topgolf same venue sales; Q3 GAAP EPS down 20%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837465/000083746523000034/0000837465-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837465/000083746523000034/modg-20231108.htm
  HTML page:      https://secwatch.observer/filing/0000837465-23-000034

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