---
schema_version: "secwatch.filing_event.v1"
accession: "0000837465-25-000047"
form_type: "8-K"
ticker: "CALY"
cik: "0000837465"
company_name: "Callaway Golf Co"
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-22T01:02:34.362165+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Topgolf Callaway Q1 rev $1.092B (-4.5%), EPS $0.01; lowers Topgolf same-venue sales forecast

## Summary
- GAAP net income $2.1M ($0.01 diluted EPS) vs $6.5M ($0.04) YoY; Non-GAAP EPS $0.11 (+41.7%).
- Adjusted EBITDA $167.3M (+4.0%); Q2 outlook $139-159M vs $206M prior year.
- Topgolf same-venue sales -12% in Q1; full-year guidance cut to -6% to -12%.
- Golf Equipment segment op income +23.8% to $101.6M; Active Lifestyle +23.9% to $30.6M.
- Reaffirms FY revenue $4.0-4.185B, Adj. EBITDA $415-505M; Jack Wolfskin sale expected late Q2/Q3.

## SEC filing metadata
- accession: 0000837465-25-000047
- form_type: 8-K
- ticker: CALY
- cik: 0000837465
- company_name: Callaway Golf Co
- filed_at: 2025-05-12T23:59:59+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/837465/000083746525000047/0000837465-25-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/837465/000083746525000047/modg-20250512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000837465-25-000047
- JSON: https://secwatch.observer/filing/0000837465-25-000047.json
- Plain text: https://secwatch.observer/filing/0000837465-25-000047.txt

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