secwatch.observer — SEC 8-K summary
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Issuer:     Callaway Golf Co (CALY)
CIK:        0000837465
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000837465-24-000030
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837465/000083746524000030/0000837465-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837465/000083746524000030/modg-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000837465-24-000030

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