Topgolf Callaway Posts Revenue Beat
Topgolf Callaway Brands outperformed expectations in Q4 2024, but faced challenges from a significant goodwill impairment charge.
Topgolf Callaway Brands (NYSE:MODG), a leading company in the golf and active lifestyle industries, reported its Q4 2024 earnings on Feb. 24, 2025. The company's adjusted EPS exceeded expectations at -$0.33 compared to an anticipated -$0.40. Revenue of $924.4 million also surpassed the forecast of $884 million. Despite this outperformance, the quarter was marred by a substantial $1,452 million impairment charge in the Topgolf segment, influencing a GAAP net loss of $1,512.7 million. Nevertheless, overall revenue growth of 3.0% reflects resilience in key segments.
Source: Analyst estimates for the quarter provided by FactSet.
Topgolf Callaway Brands is known for its diversified portfolio within the golf and active lifestyle sectors, which includes products such as golf equipment, golf-based entertainment venues, and lifestyle apparel.
