secwatch.observer — SEC 8-K summary
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Issuer:     Callaway Golf Co (CALY)
CIK:        0000837465
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0000837465-25-000076
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Topgolf Callaway Q2 rev $1.11B (-4.1% YoY), GAAP EPS $0.11, raises FY2025 outlook
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- Q2 consolidated net revenue $1,110.5M, down 4.1% YoY; Adj EBITDA $195.8M (-4.8%).
- GAAP net income $20.3M ($0.11 diluted EPS); Non-GAAP net income $45.6M ($0.24).
- Sale of Jack Wolfskin completed May 31; available liquidity up 48% YoY to $1.16B.
- Full year 2025 guidance raised: consolidated rev $3.80-3.92B, Adj EBITDA $430-490M.
- Topgolf CEO Artie Starrs resigned; spin-off likely delayed to 2026 after new CEO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837465/000083746525000076/0000837465-25-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837465/000083746525000076/modg-20250806.htm
  HTML page:      https://secwatch.observer/filing/0000837465-25-000076

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer