NYSE$CALY
Callaway Golf Company · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Topgolf Callaway Brands' Q3 2024 results exceeded expectations, with Callaway maintaining its #1 position in U.S. golf club market share and achieving record U.S. golf ball market share.
Topgolf Callaway Brands announced Q3 2024 results that exceeded expectations, driven by strong venue profitability at Topgolf and Callaway's leading position in golf clubs and balls. The company reaffirmed its expectation for full year positive Adjusted Free Cash Flow for the total Company and Topgolf.
- Q3 Consolidated Revenues and Adjusted EBITDA were ahead of expectations.
- The Callaway brand maintained its #1 position in U.S. market share in total golf clubs and achieved record U.S. market share in golf ball.
- The Company further strengthened its available liquidity position to $863 million, increasing $129 million year-over-year.
- The Company reaffirmed its expectation for full year positive Adjusted Free Cash Flow for the total Company and Topgolf.
Headline financials
Revenue & EPS history
Topgolf Callaway · Revenue · Quarterly
$1.01B
Revenue by segment
Topgolf Callaway · $1.04B total across 3 segments · Q3 2023
- Topgolf$448M+8.2%43.0%
- Active Lifestyle$300M+7.7%28.8%
- Golf Equipment$293M-1.1%28.2%
Forward guidance
The Company lowered full year 2024 revenue guidance to approximately $4.2 billion and Adjusted EBITDA to a range of $560 to $570 million. The Company maintained prior Topgolf revenue guidance of approximately $1.79 billion and increased Topgolf Adjusted EBITDA guidance to approximately $315 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
-0.1%
Avg return
Earnings day
-1.6%
Avg return
5 days after
+1.5%
Avg return
30 days after
50%
32 / 64 earnings
Positive
+18.7%
Q3 2013
Best reaction
-20.8%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.1% | +6.3% | +0.1% | |
| Q3 2025 | +14.4% | +14.3% | +24.2% | |
| Q1 2025 | -17.2% | -11.4% | +0.0% | |
| Q4 2024 | -0.3% | -2.5% | +3.0% | |
| Q3 2024 | -11.3% | -11.6% | -17.1% | |
| Q2 2024 | -14.5% | -18.4% | -27.1% | |
| Q1 2024 | -8.2% | -8.0% | -7.6% | |
| Q4 2023 | +5.6% | +3.6% | -6.3% | |
| Q3 2023 | -20.8% | -22.9% | -1.6% | |
| Q2 2023 | -9.8% | -10.6% | -12.6% | |
| Q1 2023 | -13.9% | -20.9% | -11.4% | |
| Q4 2022 | -4.0% | -1.1% | -6.6% | |
| Q3 2022 | +5.5% | +6.2% | +23.6% | |
| Q2 2022 | -2.0% | -5.9% | -5.8% | |
| Q1 2022 | +8.1% | +18.2% | +22.2% | |
| Q4 2021 | -9.6% | -1.7% | -10.9% | |
| Q3 2021 | +2.0% | +0.7% | -2.9% | |
| Q2 2021 | -4.2% | -11.4% | -16.7% | |
| Q1 2021 | +8.9% | +8.6% | +14.9% | |
| Q4 2020 | -2.3% | -4.7% | -1.6% | |
| Q3 2020 | +5.5% | -2.3% | +34.6% | |
| Q2 2020 | -6.9% | -5.7% | +2.9% | |
| Q1 2020 | +2.8% | -9.2% | +28.4% | |
| Q4 2019 | -6.7% | -3.7% | -38.3% | |
| Q3 2019 | -1.5% | -3.5% | +1.2% | |
| Q2 2019 | +10.6% | +8.3% | +5.3% | |
| Q1 2019 | -5.2% | -5.2% | -6.9% | |
| Q4 2018 | -4.2% | -6.6% | +3.6% | |
| Q3 2018 | -2.5% | -4.4% | -12.3% | |
| Q2 2018 | +13.1% | +13.3% | +18.7% | |
| Q1 2018 | +7.5% | +3.2% | +13.8% | |
| Q4 2017 | +3.6% | +4.4% | +8.8% | |
| Q3 2017 | +3.4% | +1.0% | +0.1% | |
| Q2 2017 | +7.1% | +3.5% | +9.2% | |
| Q1 2017 | +7.7% | +6.6% | +7.8% | |
| Q4 2016 | -8.4% | -7.7% | -7.5% | |
| Q3 2016 | +11.5% | +16.0% | +18.1% | |
| Q2 2016 | +0.1% | +2.5% | +9.3% | |
| Q1 2016 | -0.6% | — | — | |
| Q4 2015 | +4.6% | — | — | |
| Q3 2015 | +7.5% | — | — | |
| Q2 2015 | +8.0% | — | — | |
| Q1 2015 | +0.6% | — | — | |
| Q4 2014 | +4.9% | — | — | |
| Q3 2014 | +12.1% | — | — | |
| Q2 2014 | -8.5% | — | — | |
| Q1 2014 | -7.7% | — | — | |
| Q4 2013 | -6.4% | — | — | |
| Q3 2013 | +18.7% | — | — | |
| Q2 2013 | +6.1% | — | — | |
| Q1 2013 | +3.7% | — | — | |
| Q4 2012 | +0.2% | — | — | |
| Q3 2012 | -7.6% | — | — | |
| Q2 2012 | +3.7% | — | — | |
| Q1 2011 | -12.2% | — | — | |
| Q1 2012 | +5.5% | — | — | |
| Q4 2009 | -0.3% | — | — | |
| Q4 2011 | -0.3% | — | — | |
| Q3 2011 | +2.0% | — | — | |
| Q3 2010 | +2.0% | — | — | |
| Q4 2010 | -1.4% | — | — | |
| Q2 2011 | -1.4% | — | — | |
| Q2 2010 | -1.4% | — | — | |
| Q1 2010 | +0.6% | — | — |
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