Callaway Golf's Business Segments

Callaway Golf Company, along with its wholly owned subsidiaries, operates as a global golf equipment, gear, and apparel company. Its brand portfolio includes Callaway Golf, Odyssey, TravisMathew, and OGIO. The company designs, manufactures, and sells golf clubs, golf balls, apparel, bags, and accessories. Products are distributed worldwide through on-course, specialty retail, wholesale, direct-to-consumer, and international channels. Founded in 1982, Callaway expanded from golf clubs into golf balls, bags, accessories, and premium golf and active lifestyle apparel through organic growth and acquisitions, including OGIO and TravisMathew. In 2019, Callaway acquired Jack Wolfskin, an outdoor apparel brand, and in 2021 merged with Topgolf, a golf entertainment business. In 2025 and early 2026, the company divested Jack Wolfskin and sold a majority interest in Topgolf, retaining a 40% stake. Callaway’s operations focus on two reportable segments: Golf Equipment and Apparel, Gear and Other. Its golf equipment includes clubs and balls designed for all skill levels and conforming to USGA and R&A rules. The company invests in research and development, utilizing artificial intelligence and advanced testing methods. Manufacturing is primarily based in Monterrey, Mexico, with additional facilities and contract manufacturers in multiple countries. As of 2025, over half of golf club assembly occurs outside the United States.

As of December 31, 2025, the company operates through two reportable business segments: Golf Equipment and Apparel, Gear and Other (formerly Active Lifestyle). The Golf Equipment segment designs, manufactures, and sells golf clubs and golf balls under the Callaway, Strata, and Odyssey brands. Golf clubs include woods, irons, putters, and pre-owned clubs made from materials such as steel, titanium alloys, carbon fiber, and various thermoplastic and thermoset materials. Golf balls, sold under the Callaway brand, feature 2-piece and multilayer constructions with cover technologies including HEX Aerodynamics, Hybrid Cover, Triple Track Technology, and Truvis patterns. The company employs research and development and artificial intelligence tools, including computer-aided design software, finite element analysis, structural optimization, and testing equipment, to develop its products. The Apparel, Gear and Other segment was renamed from Active Lifestyle in the fourth quarter of 2025 without changes to its composition or previously reported financial results. The Jack Wolfskin and Topgolf businesses were divested during 2025 and early 2026 and are reported as discontinued operations, excluded from continuing operations and reportable segments. Following the sale closing, the company's 40% interest in Topgolf will be accounted for under the equity method.