Topgolf Callaway Q1 revenue $1.14B in line; EBITDA beat; lowers FY revenue view by $80M

Callaway Golf Co

2024-Q1 EPS reported $0.04 revenue$1,144,200,000

Q1 GAAP net income $7M, non-GAAP net income $16M; Adjusted EBITDA $161M ahead of expectations.
Topgolf same venue sales -7% in line; segment revenue up 4.8% to $423M on new venues.
Full-year revenue guidance cut $80M to $4,435-$4,475M on foreign currency and Jack Wolfskin weakness.
Adjusted EBITDA guidance reaffirmed $620-$640M; non-GAAP EPS view raised to $0.31-$0.39.
Ai Smoke clubs #1 US market share in driver, fairway woods, irons; Chrome Tour balls record 11% premium share.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Callaway Golf Co reported first quarter ended March 31, 2024 results: revenue $1,144.2 million, net income $6.5 million, EPS $0.04.

Period: first quarter ended March 31, 2024
Revenue: $1,144.2 million
Net income: $6.5 million
EPS: $0.04
Result: reported results

Exact text from the filing

set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- TOPGOLF CALLAWAY BRANDS ANNOUNCES STRONG FIRST QUARTER 2024 RESULTS HIGHLIGHTS • Q1 Revenue of $1.144 billion and Topgolf same venue sales of -7% – both in line with expectations. • Net Income of $7 million, Non-GAAP Net Income of $16 million and Adjusted EBITDA of $161 million – all

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Source: SEC EDGAR

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