Brief: Topgolf Callaway Brands Q2 Adjusted EBITDA USD 195.8 Million Vs. IBES Estimate USD 145.5 Million

Callaway Golf

06/08/2025 21:15

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/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.11 bln
$1.09 bln (9 Analysts)
Q2 Net Income
$20.30 mln
Q2 Adjusted EBITDA
Beat
$195.80 mln
$145.50 mln (8 Analysts)
Q2 Operating Income
$105.80 mln
Q2 Pretax Profit
$34.10 mln


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 is $9.25, about 2.8% above its August 5 closing price of $8.99

Press Release: ID:nPn3m7nQ0a

(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.)