Topgolf Callaway Brands Corp. (CALY) — Annual Report

Key Insights

• Topgolf Callaway Brands Corp. (CALY) is in the process of divesting its Topgolf and Toptrace businesses, which generated significant revenue in recent years but are now classified as discontinued operations.
• The company's Golf Equipment and Apparel, Gear and Other segments continue to operate, though revenue from the top five customers has been declining over the past three years.
• Topgolf Callaway Brands has significant outstanding debt, including term loans and credit facilities, which could impact its financial flexibility going forward.