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                            June 11, 2024

       Brian Lynch
       Chief Financial Officer
       Topgolf Callaway Brands Corp.
       2180 Rutherford Road
       Carlsbad , CA 92008

                                                        Re: Topgolf Callaway
Brands Corp.
                                                            10-K for the year
ended December 31, 2023
                                                            Form 8-K furnished
February 13, 2024
                                                            Response Dated May
30, 2024
                                                            File No. 1-10962

       Dear Brian Lynch :

              We have reviewed your May 30, 2024 response to our comment letter
and have the
       following comments.

              Please respond to this letter within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe a
       comment applies to your facts and circumstances, please tell us why in
your response.

              After reviewing your response to this letter, we may have
additional comments. Unless
       we note otherwise, any references to prior comments are to comments in
our May 1 2024 letter.

       Response dated May 30, 2024

       Form 8-K furnished February 13, 2024
       Exhibit 99.1 Earnings Release, page 2

   1.                                                   We note from your
response to our prior comment 4, that you have proposed to present a
                                                        revised table of
non-GAAP results as presented in Exhibit A. Please revise to remove the
                                                        net revenues line item
from the non-GAAP results table, as that amount appears to reflect
                                                        GAAP net revenues and
could be confusing for the reader.
       Form 10-K for the Year Ended December 31, 2023
       Results of Operations
       Net Income, Diluted Earnings Per Share and Reconciliation of Non-GAAP
Measures, page 58

   2.                                                   We note from your
response to our prior comment 1, that in connection with your decision
 Brian Lynch
Topgolf Callaway Brands Corp.
June 11, 2024
Page 2
         to exit the business of developing new mobile gaming applications and
abandon and retire
         the Shankstars game, you recognized impairment charges of $11.7
million and employee
         costs and other miscellaneous charges of $1.0 million associated with
abandoning the
         game. Please identify for us the assets impaired, including the line
items on the balance
         sheet that were affected by this impairment. If any amounts were
related to inventory,
         please specify that amount.
3.       We note from your response to our prior comment 2, that in 2023 the
$19.4 million
         adjustment included $5.4 million for the amortization of customer and
distributor
         relationships associated with the acquisitions of Jack Wolfskin and
TravisMathew, in
         addition to reacquired distribution rights in the Korea apparel
market, and $5.4 million
         related to the amortization of customer relationships and acquired
developed technology.
         Please tell us the difference between these amounts which both appear
to be related to the
         amortization of customer relationships and other intangibles.
Similarly, we also note that
         in 2022 the $21.8 million adjustment included $5.4 million for the
amortization of
         customer and distributor relationships associated with the
acquisitions of Jack Wolfskin,
         TravisMathew and OGIO, in addition to reacquired distribution rights
in the Korea
         apparel market, and $6.1 million related to the amortization of
customer relationships and
         acquired developed technology. Please advise.
4.       We note from your response to our prior comment 2 that your Non-Cash
Acquisition
         Amortization and Depreciation adjustment in both 2023 and 2022,
includes an amount
         related to the depreciation of the purchase accounting adjustment to
step-up acquired
         PP&E to its fair value. It appears to us that this results in
presenting a non-GAAP
         measure that substitutes individually tailored recognition and
measurement methods given
         that it adjusts for partial depreciation expense. Please revise your
non-GAAP measures to
         remove this adjustment in future filings. Refer to Question 100.04 of
the SEC Staff's Non-
         GAAP Compliance and Disclosure Interpretations.
       Please contact Charles Eastman at 202-551-3794 or Claire Erlanger at
202-551-3301 if
you have questions regarding comments on the financial statements and related
matters.



FirstName LastNameBrian Lynch                                 Sincerely,
Comapany NameTopgolf Callaway Brands Corp.
                                                              Division of
Corporation Finance
June 11, 2024 Page 2                                          Office of
Manufacturing
FirstName LastName