Callaway Golf (ELY) Tops Q1 EPS by 21c

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Go back to Callaway Golf (ELY) Tops Q1 EPS by 21c

CALLAWAY GOLF COMPANY ANNOUNCES RECORD FIRST QUARTER 2022 RESULTS AND INCREASES 2022 OUTLOOK

May 10, 2022 4:05 PM EDT

First Quarter Revenue Increase Driven by Strong Demand, Improved Supply and Strength Across All Segments

Topgolf Delivers Positive 2.3% Same Venue Sales Growth Compared to 2019

Q1 2022 consolidated net revenues increased $388.6 million (+59.6% compared to Q1 2021) to $1,040.2 millionQ1 2022 GAAP net income of $86.7 million and non-GAAP net income of $70.9 millionQ1 2022 total segment operating income margin improved 140 basis points on a pro forma basis, which includes Topgolf results for the full three-month period (see "Segment Results" below for pro forma results)Q1 2022 Adjusted EBITDA increased $42.0 million (+32.9% compared to Q1... More