secwatch.observer — SEC 8-K summary
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Issuer:     Callaway Golf Co (CALY)
CIK:        0000837465
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0000837465-25-000047
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837465/000083746525000047/0000837465-25-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837465/000083746525000047/modg-20250512.htm
  HTML page:      https://secwatch.observer/filing/0000837465-25-000047

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