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Topgolf Callaway Boosts Full-Year Revenue Guidance to $3.92B Amid Ongoing Restructuring and Growth Initiatives
ByAinvest
Wednesday, Aug 6, 2025 7:53 pm ET1min read
Topgolf Callaway Brands Corp. raised its full-year revenue guidance to $3.92 billion, with CEO Oliver G. Brewer noting Q2 was a strong quarter for the company, beating expectations across all three business segments. Brewer highlighted the acceleration of value initiatives and the separation process for Topgolf.
Topgolf Callaway Brands Corp. (NYSE: MODG) has announced an upward revision of its full-year revenue guidance to $3.92 billion, reflecting strong performance in the second quarter of 2025. The company's CEO, Oliver G. Brewer, highlighted the robust performance across all three business segments, which exceeded market expectations [1].Brewer emphasized that the second quarter was particularly strong for the company, with the acceleration of value initiatives and the ongoing separation process for Topgolf. The company continues to project Topgolf's revenue to be in the range of $1.68 billion to $1.79 billion for the year [2].
The resignation of Topgolf CEO Artie Starrs has been announced, with Starrs expected to remain with the company until September 2025 to assist with an orderly transition. Starrs has accepted another CEO position with an undisclosed business. Brewer stated that the departure does not affect the company's strategic direction or commitment to separating Topgolf, and a spin-off transaction is likely to occur in 2026, after a new CEO is in place [2].
The company's shares have shown a positive reaction to the news, with MODG trading at $9.39 after hours, an increase of 1.51% [2].
References:
[1] https://www.marketscreener.com/news/earnings-flash-modg-topgolf-callaway-brands-corp-reports-q2-revenue-1-11b-vs-factset-est-of-1-ce7c5ededb80f124
[2] https://seekingalpha.com/news/4476040-topgolf-callaway-brands-announces-resignation-of-topgolf-ceo-artie-starrs
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