Topgolf Callaway reports Q1 EPS 11c, consensus (6c)

Reports Q1 revenue $1.092B, consensus $1.08B. “We are pleased with our first quarter results as we met or beat our plan in all segments of our business,” commented Chip Brewer, President and CEO. “We are particularly pleased with the performance of our Golf Equipment business where the Elyte Driver received numerous awards and we started to benefit from the cost reduction and margin improvement initiatives we began implementing in 2024. We are also pleased we entered into an agreement to sell the Jack Wolfskin business as this will allow us to focus and optimize our resources on our core business and will further enhance our balance sheet and liquidity ahead of our planned separation of Topgolf.”