11 days ago

Callaway Golf Posts $66M Q4 Loss After Topgolf Sale, Revenue Miss

Callaway reported a $66M Q4 loss, or 36 cents per share, beating forecasts of 45 cents. Revenue fell to $367.5M versus about $785M expected as it finalized selling 60% of Topgolf to Leonard Green at a $1.1B valuation. Callaway took $800M cash and repaid $1B debt. Q4 equipment sales dipped 5%; full-year revenue was $2.06B with $38.8M profit.