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Topgolf Callaway Brands Agreed To Sell Its Jack Wolfskin Business To ANTA Sports For $290M In Cash; The Transaction Is Expected To Close In The Late Second Quarter Or Early Third Quarter Of 2025

Benzinga·04/10/2025 09:13:59
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  • Although the Company is not updating its financial guidance at this time, embedded in its February 24, 2025 full year guidance was an estimate for its Jack Wolfskin business of approximately Euro 325 million in revenue and Euro 12 million of Adjusted EBITDA. 
  • Given the typical seasonality of the Jack Wolfskin business, this full year estimate is comprised of approximately (a) Euro 115 million in revenue and a loss of Euro 18 million of Adjusted EBITDA for the first half of 2025 and (b) Euro 210 million in revenue and Euro 30 million of Adjusted EBITDA in the second half of 2025.