Encouraged by strong first half results this year, Callaway Golf (CALY: NYSE) is increasing its full-year guidance to between 2.045 to $2.070B from $2.015 to $2.070B. Callaway on Aug. 4 reported Q2 revenue of $612.2 million, a two percent increase over the same period in 2025, and first half ‘26 revenue at $1.3B, six percent increase over the first half of 2025.
The company reported Q2 earnings increased 27 percent to $134,000, with first half earnings of $303,000 versus $243,000 in the same period in ‘25.
“These results show that we are building momentum as a focused, pure-play golf company, and our performance reflects healthy market conditions, strong product acceptance, meaningful gross margin improvement, and disciplined execution across the business,” Calalway Golf President/CEO Chip Brewer told Wall Street annaysts.
Callaway Golf this past January sold 60 percent of its Topgolf business, which was never a Wall Street favorite, to bring Callaway Golf back to what Brewer was referring to as “pure play” golf company.
Brewer attributed the strong Q2 numbers to a 4.5 percent increase in the Golf Equipment segment ($430 million), driven by strength across clubs and balls. The increase in Golf Equipment, the company said, was partially offset by a 3.6 percent decrease in the Apparel, Gear and Other segment as a result of the timing of shipments between the first and second quarters of this year, as well as foreign exchange headwinds in Asia, partially offset by an increase in TravisMathew sales.
In regards to the TravisMathew apparel brand, Brewer his company plans to close four underperforming TravisMathew retail stores in the U.S. in Q4, leaving Callaway with 61 TravisMathew stores.
Overall, however, Brewer talked up the TravisMathew side of Callaway’s business.
“That (TravisMathew) business grew during the quarter,’’ Brewer said. “We’ve had a successful launch of the women’s category that continues to do well. Year to date, I am really pleased with the impact of our revised men’s strategy, where we’ve changed some of our focus, our product pillars, our merchandising strategy, and we’ve seen nice results, both direct to consumer and at wholesale there. We feel great about the outlook for TravisMathew and have seen some really positive results year to date.’’