Topgolf Callaway Brands Corp. posted another strong quarter to end 2022, delivering a 19.6 percent increase in revenue to $851.3 million in Q4, reflecting growth in each operating segment, major product category and region. The fourth quarter revenue growth was achieved despite a $37.8 million negative foreign currency impact on fourth quarter 2022 revenue.

The company’s total net loss for the fourth quarter of 2022 was $72.7 million, or $50.8 million on a non-GAAP basis, compared to a net loss of $26.2 million or $35.5 million on a non-GAAP basis for the same period in 2021. During the fourth quarter of 2021, the company benefited from significant favorable tax adjustments related to the Topgolf merger, which improved its reported net loss.

Fourth quarter EPS loss was 39 cents a share, compared to 14 cents per share for Q4 2021.

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For more background and details on Topgolf Callaway’s fourth quarter and full year results, segment reporting and outlook for 2023, get inside company management’s call with analysts at SGB Executive here:

EXEC: Topgolf Callaway Brands Sees Bright Path Ahead Despite A “Rare Miss” In Q4