Overview

* Topgolf Callaway Q2 revenue of $1.11 bln beats analyst expectations, per LSEG data

* Adjusted EBITDA for Q2 beats estimates

* Co raises full-year 2025 outlook, excluding Jack Wolfskin business

Outlook

* Topgolf Callaway increasing the midpoint of its revenue guidance by approximately $30 mln

* Company increases full-year Adjusted EBITDA guidance by $25 mln

* Topgolf revenue guidance raised by $5 mln

* Company improves full-year same venue sales guidance to -7.5%

Result Drivers

* GOLF EQUIPMENT DEMAND - Strong consumer demand in golf equipment segment helped exceed expectations, per CEO Chip Brewer

* TOPGOLF INITIATIVES - Successful value initiatives at Topgolf venues improved traffic and sales trends

* TARIFF IMPACT - Co absorbed increased tariffs this year, affecting costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $1.11 $1.09

Revenue bln bln (9

Analysts

)

Q2 Net $20.30

Income mln

Q2 Beat $195.80 $145.50

Adjusted mln mln (8

EBITDA Analysts

)

Q2 $105.80

Operatin mln

g Income

Q2 $34.10

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the recreational products peer group is "buy."

* Wall Street's median 12-month price target for Topgolf Callaway Brands Corp ( MODG ) is $9.25, about 2.8% above its August 5 closing price of $8.99

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)