Topgolf Callaway Brands Corp. (NYSE: MODG) reported Q1 EPS of $0.11, $0.15 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.09 billion.

GUIDANCE:

Topgolf Callaway Brands Corp. sees FY2025 revenue of $4-4.185 billion, versus the consensus of $4.103 billion.

Q2 2025 BUSINESS OUTLOOK

The Q2 revenue outlook includes the expectation for a more competitive launch environment in the Golf Equipment business, the continued impact from the rightsizing of the Jack Wolfskin business, the impact from the sale of the WGT gaming business in December 2024 and a projected decline in same venue sales, which is expected to be in the range of down 7% to down 12% at Topgolf.

The Q2 EBITDA outlook includes the expectation for an approximately $22 million negative impact related to hedging losses, tariffs, and sale of WGT.

For earnings history and earnings-related data on Topgolf Callaway Brands Corp. (MODG) click here.