Topgolf Callaway Brands CORP

Market Movers (8-K)

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Callaway Golf Company announced strong second quarter 2026 results, exceeding expectations for revenue, gross margin, and Adjusted EBITDA, leading to an increased full-year guidance.
Better than expected
Callaway Golf Company announced the full repayment of its approximately $163 million outstanding Term Loan B, funded by cash on hand, further simplifying its capital structure and reducing future interest expenses.
Callaway Golf Company announced the election of two new directors and shareholder approval of executive compensation at its 2026 Annual Meeting.
Callaway Golf Company provides recast financial data for 2024 and 2025, reflecting its strategic realignment and the divestiture of its Jack Wolfskin and Topgolf businesses.
Worse than expected
Callaway Golf Company announced strong fourth quarter and full year 2025 results, exceeding expectations, and outlined its strategic shift back to a pure-play golf equipment company after divesting Jack Wolfskin and a majority stake in Topgolf.
Better than expected
Topgolf Callaway Brands Corp. has officially changed its corporate name back to Callaway Golf Company and will trade under the new ticker symbol CALY.

Quarterly Earnings (10-Q)

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Callaway Golf Company announced robust financial results for the second quarter of 2026, showcasing significant revenue increases and improved profitability across its core segments.
Topgolf Callaway Brands Corp. reported a net loss of $14.7 million for Q3 2025 on declining revenues, while progressing its strategic plan to separate the Topgolf business.
Worse than expected
Topgolf Callaway Brands Corp. reported a significant drop in Q2 net income and revenue, driven by the Jack Wolfskin divestiture and Topgolf same-venue sales decline, while advancing its planned Topgolf separation.
Worse than expected
Topgolf Callaway Brands Corp. announces its Q1 2025 financial results, highlighting a decrease in net revenues but progress on strategic initiatives including the planned separation of Topgolf and the sale of Jack Wolfskin.
Worse than expected
Topgolf Callaway Brands Corp. announced its Q3 2024 results, revealing a slight revenue decrease and a net loss, while also detailing plans for a strategic separation into two independent companies.
Worse than expected
Topgolf Callaway Brands Corp. experienced a slight decrease in net revenue for the second quarter of 2024, driven by lower sales in Golf Equipment and Active Lifestyle segments, partially offset by growth in Topgolf.
Worse than expected

Annual Reports (10-K)

Callaway Golf Company completed strategic divestitures of Topgolf and Jack Wolfskin, returning to a pure-play golf business amidst declining net sales and significant impairment charges in 2025.
Worse than expected
Topgolf Callaway Brands plans to spin off its Topgolf business into a separate entity while reporting a significant goodwill impairment charge for the year.
Worse than expected
Topgolf Callaway Brands Corp.'s annual 10-K filing details the company's share structure, potential risks, and financial strategies.
Worse than expected

Insider Trading (Form 4)

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Glenn F. Hickey, EVP & Pres., Callaway Sales of Topgolf Callaway Brands Corp., sold 28,843 shares of common stock on August 6, 2026 for $18.74 per share.
Oliver G Brewer Iii, President and CEO and a Director of Topgolf Callaway Brands Corp., sold 68,874 shares of common stock on August 6, 2026.
Adebayo O. Ogunlesi, a Director at Callaway Golf Co., received 1,611 shares of common stock as compensation for his services.
Russell L. Fleischer, a Director at Callaway Golf Co., received 1,684 shares of common stock as compensation for his services.
Callaway Golf Co. Director Anthony S. Thornley reported the vesting of 18,546 Restricted Stock Units into common stock.
Linda B. Segre, a Director at Callaway Golf Co, acquired 18,546 shares of common stock through the vesting of Restricted Stock Units.

Proxy Statements (Def-14A)

Callaway Golf Company announces its 2026 Annual Meeting of Shareholders, to be held virtually on May 21, 2026, with key proposals including director elections and executive compensation.
Topgolf Callaway Brands Corp. will hold its annual shareholder meeting virtually on May 29, 2025, to vote on director elections, auditor ratification, executive compensation, and an incentive plan amendment.
Topgolf Callaway Brands Corp. is asking shareholders to approve an amendment and restatement of its 2022 Incentive Plan to increase the share reserve and update plan terms.
Topgolf Callaway Brands Corp. will hold its annual shareholder meeting virtually on May 30, 2024, to vote on director elections, auditor ratification, and executive compensation.
Topgolf Callaway Brands Corp. announces its 2024 Annual Meeting of Shareholders to be held virtually on May 30, 2024, covering director elections, auditor ratification, and executive compensation approval.

Schedule 13D - Activist Investments

PEP TG Investments LP has completed its exit from Callaway Golf Company, selling its remaining shares and no longer holding a significant beneficial ownership.
PEP TG Investments LP, an affiliate of Providence Equity Partners, has reduced its stake in Callaway Golf Company by selling 10 million shares at $14.70 each.
Worse than expected

Schedule 13G - Passive Investments

The Vanguard Group has reported zero beneficial ownership in Callaway Golf Co. following an internal realignment.
Dimensional Fund Advisors LP has reported a 5.0% beneficial ownership stake in Topgolf Callaway Brands Corp, holding over 9.2 million shares.
Shapiro Capital Management LLC has reported a beneficial ownership of 4.9% in Topgolf Callaway Brands Corp., a reduction from its previous stake.
Worse than expected
BlackRock, Inc. has filed an amended Schedule 13G, disclosing a beneficial ownership of 11.0% in Topgolf Callaway Brands Corp., totaling 20,274,023 common shares as of June 30, 2025.
Dimensional Fund Advisors LP has filed an amended Schedule 13G, disclosing a 5.0% passive beneficial ownership stake in Topgolf Callaway Brands Corp as of March 31, 2025.