Topgolf Callaway Brands completes sale of Jack Wolfskin to ANTA Sports for $290M cash

Callaway Golf Co

Sale of Jack Wolfskin closed May 31, 2025; cash consideration $290M, net of cash sold and subject to adjustments.
Company says sale enhances financial flexibility ahead of planned separation of Topgolf from core operations.
Concurrent with sale, reallocated $20M from German ABL facility to U.S. facility and terminated remaining German facility.
Pro forma shows FY2024 revenue would be $3,892.7M vs $4,239.3M as reported, excluding Jack Wolfskin.

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