Topgolf Callaway Brands Corp.
9.25-0.26 (-2.73%)
Oct 30, 10:12:27 AM EDT · NYSE · MODG · USD
Key Stats
Market Cap
1.70BP/E (TTM)
-Basic EPS (TTM)
-8.13Dividend Yield
0%Recent Filings
8-K
Board director resigns
10-Q
Q2 FY2025 results
Topgolf Callaway Brands posted Q2 FY2025 net revenues of $1.11B, down 4.1% y/y from $1.16B, yet operating income edged up 2.7% to $105.8M on cost controls. Products dipped 5.9% y/y to $629.1M, services held steady at $481.4M, with Topgolf venues off 1.2% y/y but Golf Equipment flat and Active Lifestyle down 14.4% y/y post-Jack Wolfskin sale. Gross margins improved amid efficiencies, while diluted EPS fell to $0.11 from $0.32, reconciling to 185.1M shares (anti-dilution from convertibles flagged). Cash swelled to $683.5M after $286M from the May 2025 Jack Wolfskin divestiture for $290M cash, trimming total debt to $1.47B; free cash flow not disclosed in the 10-Q. The firm eyes a 2026 Topgolf spin-off for sharper focus. Still, soft consumer spending lingers as a drag.
8-K
Q2 beats, Jack Wolfskin sold
Topgolf Callaway Brands reported Q2 2025 net revenue of $1,110.5 million, down 4.1% year-over-year due to the Jack Wolfskin sale on May 31, yet Adjusted EBITDA hit $195.8 million, beating expectations amid tariff pressures. Strong golf equipment demand and Topgolf's value initiatives offset declines, boosting liquidity 48% to $1,161.7 million. Topgolf CEO Artie Starrs resigned, delaying spin-off to 2026. The company raised full-year guidance for continuing operations to $3.80-$3.92 billion in revenue and $430-$490 million Adjusted EBITDA.
8-K
Topgolf CEO resigns abruptly
Topgolf Callaway Brands announced the resignation of Topgolf CEO Artie Starrs on July 29, 2025, effective through September 2025 to ensure a smooth transition; he departs for another CEO role without company disagreements. The firm is launching an executive search amid strong Q2 results and rising same venue sales, yet Starrs' exit delays the planned Topgolf spin-off or sale to 2026. No impact on overall strategy.
8-K
Jack Wolfskin sale completed
Topgolf Callaway Brands completed the sale of its Jack Wolfskin business to ANTA Sports on May 31, 2025, for $290 million in cash, net of adjustments. This divestiture sharpens focus on core golf and lifestyle brands while boosting liquidity for the planned Topgolf separation. Pro forma results show enhanced financial flexibility, yet execution risks linger amid ongoing integration.
IPO
Employees
Sector
Industry
AGH
Aureus Greenway Holdings Inc.
6.73+1.00
AOUT
American Outdoor Brands, Inc.
6.96-0.16
AS
Amer Sports, Inc.
32.14-0.68
CLAR
Clarus Corporation
3.49+0.08
DSHK
Drive Shack Inc.
0.13+0.00
GOLF
Acushnet Holdings Corp.
78.98-2.01
LEVI
Levi Strauss & Co
20.41-0.85
MAT
Mattel, Inc.
19.03-0.20
NWTG
Newton Golf Company, Inc.
1.47+0.03
PLBY
Playboy, Inc.
1.32+0.03