---
schema_version: "secwatch.filing_event.v1"
accession: "0000837465-24-000068"
form_type: "8-K"
ticker: "CALY"
cik: "0000837465"
company_name: "Callaway Golf Co"
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T11:59:25.866406+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Topgolf Callaway Q2 net income $62M, full-year guidance lowered, launches Topgolf strategic review

## Summary
- Q2 revenue $1.158B (-1.9% YoY); GAAP net income $62M vs $117M last year; Adj. EBITDA $206M.
- Full-year revenue guidance cut to $4.20-4.26B from $4.435-4.475B; Adj. EBITDA guidance cut to $570-590M.
- Topgolf same venue sales -8% (below expectations); segment revenue +5% on new venues; formal strategic review includes potential spin.
- Golf Equipment revenue -8.2% ($413.8M); Active Lifestyle -3.2% ($249.6M); inventory down $192.7M YoY.
- Made $50M discretionary term loan paydown; first-half operating cash flow improved $173M YoY.

## SEC filing metadata
- accession: 0000837465-24-000068
- form_type: 8-K
- ticker: CALY
- cik: 0000837465
- company_name: Callaway Golf Co
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/837465/000083746524000068/0000837465-24-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/837465/000083746524000068/modg-20240807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000837465-24-000068
- JSON: https://secwatch.observer/filing/0000837465-24-000068.json
- Plain text: https://secwatch.observer/filing/0000837465-24-000068.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.