secwatch.observer — SEC 8-K summary
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Issuer:     Callaway Golf Co (CALY)
CIK:        0000837465
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0000837465-25-000093
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Topgolf Callaway Q3 revenue beats, raises full-year guidance; Topgolf same-venue sales turn positive
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- Q3 revenue $934M (ex-Jack Wolfskin +3%), GAAP EPS -$0.08, non-GAAP EPS -$0.05.
- Topgolf segment revenue $472M (+4.2%), same-venue sales +1% (first positive inflection).
- Golf Equipment revenue $305M (+4%), but operating income fell $3.6M on $8M incremental tariffs.
- FY2025 guidance raised: rev $3.90-3.94B (prev $3.80-3.92B), Adj. EBITDA $490-510M (prev $430-490M).
- Q4 guidance rev $763-803M, Adj. EBITDA $13-33M; liquidity $1.254B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837465/000083746525000093/0000837465-25-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837465/000083746525000093/modg-20251106.htm
  HTML page:      https://secwatch.observer/filing/0000837465-25-000093

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