Revenue of Topgolf Callaway Brands Corp. 2005-2023
In 2023, Topgolf Callaway Brands Corp. had net sales amounting to around 4.28 billion U.S. dollars. Established in 1982 by Ely Callaway, Topgolf Callaway Brands Corp. sells golf clubs, golf balls, as well as apparel, and footwear, and is one of the largest golf equipment companies in the world.
Topgolf Callaway Brands Corp. revenue
Between 2009 and 2016, Callaway's revenue had followed a downward trend, however, in 2017, company sales had exceeded one billion U.S. dollars once more. The company's revenue doubled in 2021, as a result of its merger with Topgolf in addition to a good year in terms of golf equipment sales, and reached an all-time high in 2022. The company was subsequently renamed from Callaway Golf to Topgolf Callaway Brands Corp.. The golf club segment, which generated slightly over one billion U.S. dollars that year alone, was the second-most lucrative product category. The United States is Topgolf Callaway Brands Corp.’s main market, as a majority of its annual revenue is typically generated here. Asia and Europe are likewise important markets, accounting for over one billion U.S. dollars in sales in 2023.
Professional golfer sponsorships
Besides selling sports equipment and clothing, Topgolf Callaway Brands Corp. also sponsors several professional golf players from different tours, including PGA and LPGA. Some of Topgolf Callaway Brands Corp.’s valuable athlete assets include Sam Burns, Xander Schauffele, and Ruoning "Ronni" Yin. As of 2023, some of the highest earners on the PGA Tour included Phil Mickelson, Rory Mcllroy, and in first place, Tiger Woods.
