Topgolf Callaway (MODG) Q2 EPS Beats 22%
Topgolf Callaway Brands (NYSE:MODG), the sports and golf entertainment company behind Topgolf venues and Callaway golf equipment, reported results for Q2 2025 on August 6, 2025. The most important news: the company posted better-than-expected non-GAAP diluted EPS of $0.24, well above the $0.02 analyst estimate, and GAAP revenue was $1,110.5 million, beating forecasts. Despite this beat, GAAP revenue dropped 4.1% from the same quarter a year ago. The company’s performance benefited from cost discipline and margin efforts, while pressures from Topgolf’s same venue sales and the sale of its Jack Wolfskin business held back year-on-year comparisons. Overall, it was a quarter marked by outperformance versus expectations but continued challenges in underlying consumer demand, especially at Topgolf venues.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Topgolf Callaway Brands operates three main segments: Topgolf, which runs golf entertainment venues; Golf Equipment, which produces golf clubs and golf balls; and Active Lifestyle, which offers active and casual apparel and gear. The Topgolf segment is known for its interactive golf venues that blend food, drinks, and technology-driven social experiences. The Golf Equipment segment features brands like Callaway, a leader in golf clubs and balls, while the Active Lifestyle segment focuses on branded apparel and accessories, with TravisMathew now its main anchor after selling Jack Wolfskin.
Source Fool.com
