CALLAWAY GOLF COMPANY ANNOUNCES SECOND QUARTER 2026 RESULTS

Second Quarter Net Sales (+2%), GAAP Net Income from Continuing Operations (+67%) and Adjusted EBITDA (+36%)

* Q2 GAAP and Non-GAAP Gross Margin increased 620 basis points and 460 basis points year-over-year, respectively. * Repurchased $84 million of common shares year to date through June 2026. * In Q2, the Company repaid in full the $258 million of convertible notes and the $163 million outstanding under its term loan B facility. * Raises full year 2026 Adjusted EBITDA outlook to $246 million - $260 million with a revised net sales outlook of $2.045 billion - $2.070 billion. CARLSBAD, CA, Aug. 4, 2026 /PRNewswire/ -- Callaway Golf Company (the "Company," "Callaway," "we," "our," "us") (NYSE: CALY) announced its financial results for the second quarter ended June 30, 2026.