Callaway Golf Q1 revenue rises on growth in Golf Equipment segment

Callaway Golf

07/05/2026 21:51

Overview

Golf equipment and apparel maker's Q1 revenue rose 9% but slightly missed analyst expectations

Adjusted EBITDA for Q1 beat analyst expectations, driven by higher sales and improved margins

Company repurchased $79 mln in shares and raised full-year 2026 outlook

Outlook

Callaway raises 2026 net sales outlook to $2.015 bln-$2.070 bln from $1.98 bln-$2.05 bln

Company lifts 2026 Adjusted EBITDA forecast to $211 mln-$233 mln from $170 mln-$195 mln

Callaway expects Q2 2026 net sales of $585 mln-$610 mln and Adjusted EBITDA of $98 mln-$108 mln

Result Drivers

GOLF EQUIPMENT DEMAND - Growth in Golf Equipment segment driven by strong new product lineup and healthy start to golf season

APPAREL SALES - Apparel, Gear and Other segment growth supported by strength in TravisMathew sales

MARGIN INITIATIVES - Gross margin improvement attributed to increased sales and gross margin initiatives, including select price increases

Company press release: ID:nPn2dlkKra

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$687.50 mln
$688.42 mln (10 Analysts)
Q1 Net Income
$93.10 mln
Q1 Adjusted EBITDA
Beat
$163.70 mln
$116.38 mln (10 Analysts)
Q1 Operating Income
$138.20 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 5 "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 Callaway Golf Co is $17.00, about 15% above its May 6 closing price of $14.78

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)