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Here's What Key Metrics Tell Us About Topgolf Callaway (MODG) Q1 Earnings

By Zacks Equity Research | May 12, 2025, 6:00 PM

For the quarter ended March 2025, Topgolf Callaway Brands (MODG) reported revenue of $1.09 billion, down 4.5% over the same period last year. EPS came in at $0.11, compared to $0.09 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.06 billion, representing a surprise of +3.10%. The company delivered an EPS surprise of +375.00%, with the consensus EPS estimate being -$0.04.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Topgolf Callaway performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Revenues by Category- Gear, Accessories & Other: $102.60 million compared to the $108.97 million average estimate based on four analysts. The reported number represents a change of -8.3% year over year.
  • Net Revenues by Category- Apparel: $152.30 million versus the four-analyst average estimate of $156.51 million. The reported number represents a year-over-year change of -4.6%.
  • Net Revenues by Category- Venues: $380.10 million versus the four-analyst average estimate of $379.66 million. The reported number represents a year-over-year change of -6.3%.
  • Net Revenues- Topgolf: $393.70 million versus the four-analyst average estimate of $396.01 million. The reported number represents a year-over-year change of -6.9%.
  • Net Revenues by Category- Topgolf other business lines: $13.60 million versus the four-analyst average estimate of $16.60 million. The reported number represents a year-over-year change of -20.5%.
  • Net Revenues- Golf Equipment: $443.70 million versus the four-analyst average estimate of $444.44 million. The reported number represents a year-over-year change of -1.4%.
  • Net Revenues- Active Lifestyle: $254.90 million versus $265.76 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -6.1% change.
  • Net Revenues by Category- Golf Balls: $103.70 million versus $98.92 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -0.3% change.
  • Net Revenues by Category- Golf Clubs: $340 million versus $345.27 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.7% change.
  • Net Revenues- Services: $390.10 million versus $392.88 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -6.7% change.
  • Net Revenues- Products: $702.20 million compared to the $689.28 million average estimate based on two analysts. The reported number represents a change of -3.3% year over year.
  • Operating income (loss)- Golf Equipment: $101.60 million versus $76.50 million estimated by three analysts on average.
View all Key Company Metrics for Topgolf Callaway here>>>

Shares of Topgolf Callaway have returned +17.1% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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