Topgolf Callaway Brands Corp

Topgolf Callaway Brands Corp. engages in the manufacture and distribution of golf equipment and accessories. It operates through the Golf Equipment and Apparel, Gear, and Other segments. The Golf Equipment segment focuses on the design, manufacture, and sale of a full line of golf equipment. The Apparel, Gear, and Other segment refers to the development and sale of soft goods under the Callaway, TravisMathew, OGIO, and Jack Wolfskin brands. The company was founded by Ely Reeves Callaway, Jr. in 1982 and is headquartered in Carlsbad, CA.

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Topgolf Callaway Brands reports record 2022 performance and eyes growth

Topgolf Callaway Brands Corp reported strong financial performance in 2022, driven by record revenue and adjusted EBITDA growth across its segments.
Despite challenges like extreme weather impact and elevated inventory levels, the company is poised for growth with strategic initiatives, product innovation, and market expansion plans.
Opportunities lie in new venue openings, digital enhancements, and market outperformance, positioning Topgolf for continued success and profitability in 2023 and beyond.
With a positive outlook for revenue and adjusted EBITDA growth, Topgolf Callaway Brands is well-positioned to capitalize on market opportunities and drive performance in the upcoming year.

Topgolf MODG reports robust Q1 earnings, eyes $800M EBITDA by 2025

Topgolf Callaway Brands Corp (MODG) reported strong Q1 performance with revenue and adjusted EBITDA growth, driven by venue success and product launches.
While facing challenges from the banking crisis and event dynamics, the company is optimistic about consumer demand and operational enhancements.
With a focus on digital initiatives, improved economics, and market expansion, Topgolf is poised for continued growth and financial strength.

Topgolf Callaway Brands reports solid Q2 performance and growth opportunities

Topgolf Callaway Brands delivered a strong Q2 performance with revenue and margin improvements. Despite challenges in the Golf Equipment segment, opportunities lie in expansion plans and strategic financial management.

Topgolf reports strong Q3 performance amidst market challenges

Topgolf's Q3 showed operational strength and cost-saving initiatives.
Challenges include lower same venue sales and market concerns on EBITDA.
Strengths lie in margin improvements, brand leadership, and growth prospects.
Opportunities in venue expansion, franchising, and long-term strategic focus.

Topgolf Callaway Brands Corp (MODG) reports positive earnings, eyes long-term growth

Topgolf Callaway Brands Corp (MODG) delivered positive financial results for Q4 and full year 2023, with expectations of significant growth in EBITDA, cash flow, and EPS from 2025 to 2028.
Despite challenges in Q1 2024, the company remains confident in its long-term earnings power, supported by strong performance across its Golf Equipment, Active Lifestyle, and Topgolf segments.
Strategic investments in digital transformation, new product launches, and synergies between golf segments position the company for continued growth and brand strength in the evolving consumer landscape.

Topgolf Callaway Brands Corp reports strong Q1 performance and challenges

Topgolf Callaway Brands Corp (MODG) had a strong start in Q1 2024, with revenue meeting expectations, strong EBITDA, and successful product launches driving market share gains.
Challenges in the Active Lifestyle segment and currency headwinds led to a lowered full-year revenue expectation, but confidence in future sales improvement remains.
Efficient inventory management, improved operating margins, and strategic initiatives position the company well for future growth and profitability.
Capital allocation strategy focusing on debt repayment, share repurchase, and reinvestment underscores a sound financial approach amid market challenges.

Topgolf Callaway Brands Corp reports mixed Q2 results, eyes spin-off

Topgolf Callaway Brands Corp faced challenges with lower same-venue sales impacting revenue, but strong cost management led to exceeding EBITDA expectations.
The company is actively pursuing initiatives to improve sales, while a strategic review may lead to value creation through a potential spin-off.
Despite revenue outlook adjustments, the company demonstrated financial strength with increased liquidity and effective inventory management.

Topgolf Callaway Brands Corp (MODG) exceeds Q3 guidance but faces sales challenges

Topgolf Callaway Brands Corp (MODG) delivered a mixed performance in Q3 2024, exceeding guidance in some areas while facing challenges in others.
The company showcased strengths in market leadership, operational efficiency, and strategic expansion plans, despite revenue guidance adjustments and sales declines.
Challenges in the Golf Equipment and Active Lifestyle segments require focused strategies to drive sales and improve performance, while opportunities exist in customer engagement and expansion initiatives.
Overall, Topgolf Callaway Brands Corp (MODG) remains focused on financial health, cost management, and growth, positioning itself for long-term success in a competitive market.

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The two-level venue in Ridgeland sits northeast of the Renaissance at Colony Park DALLAS , Dec. 5, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today that at long last, it will open its first venue in Mississippi, Topgolf Ridgeland, on Dec. 20. This is Topgolf's 108th global outdoor venue.

Mississippi's First Topgolf Opens Its Doors on Friday, Dec. 20

The three-level venue features 108 hitting bays and sits along Bayshore Freeway (Hwy 101) and Airport Drive DALLAS , Dec. 2, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open in Burlingame, California, on Dec. 13, making it Topgolf's 107th global outdoor venue. Topgolf Basics Never been to a Topgolf venue?

Topgolf To Open One of Its Largest Venues Yet in Burlingame On Dec. 13

The venue will be located along Chester Road near the I-90 and Nagel Road intersection DALLAS , Dec. 2, 2024 /PRNewswire/ -- Topgolf announced today it broke ground on a two-level venue located in Avon, Ohio, approximately 20 miles west of downtown Cleveland. This will be the fifth Topgolf venue in Ohio.

Topgolf Adds Avon to its 2025 Lineup of Venue Openings

I maintain a sell rating on Topgolf Callaway Brands due to poor revenue performance, weak consumer spending, and ineffective growth initiatives. MODG's 3Q24 earnings showed a 2.7% y/y revenue decline, with EBIT margin compressing by 400 bps and net income plummeting to $4.3 million. Topgolf's SVS declined for the fourth consecutive quarter, with both consumer and corporate segments showing significant drops.

Topgolf Callaway Brands: No Signs Of Recovery In Sight

The venue will be located at 560 Bielenberg Drive in Woodbury, MN DALLAS , Nov. 21, 2024 /PRNewswire/ -- Topgolf  announced today it recently broke ground on a three-level venue in Woodbury, Minnesota, set to open in late 2025. This is the second venue in Minnesota in addition to an existing venue in Minneapolis – Brooklyn Center.

Topgolf Breaks Ground on Second Venue in Minnesota

Why Topgolf Callaway Stock Was Slumping This Week

MODG's Q3 results benefit from operating efficiencies and cost management at Topgolf venues, along with favorable shipment timing in the legacy business.

Topgolf Callaway Q3 Earnings & Revenues Top Estimates, Fall Y/Y

Topgolf Callaway Brands Corp (NYSE:MODG ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Katina Metzidakis - Vice President of Investor Relations and Corporate Communications Chip Brewer - President and Chief Executive Officer Brian Lynch - Chief Financial Officer and Chief Legal Officer Conference Call Participants Matthew Boss - J.P. Morgan Michael Swartz - Truist Securities Joe Altobello - Raymond James Eric Wold - B.

Topgolf Callaway Brands Corp (MODG) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for Topgolf Callaway (MODG) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Topgolf Callaway (MODG) Q3 Earnings: A Look at Key Metrics

Topgolf Callaway Brands (MODG) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.18 per share. This compares to earnings of $0.20 per share a year ago.

Topgolf Callaway Brands (MODG) Tops Q3 Earnings and Revenue Estimates

HIGHLIGHTS Q3 Consolidated Revenues and Adjusted EBITDA were ahead of expectations. The Callaway brand maintained its #1 position in U.S. market share in total golf clubs and achieved record U.S. market share in golf ball.

TOPGOLF CALLAWAY BRANDS ANNOUNCES THIRD QUARTER 2024 RESULTS

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Investors looking for stocks in the Leisure and Recreation Products sector might want to consider either Topgolf Callaway Brands (MODG) or Sportradar Group AG (SRAD). But which of these two stocks presents investors with the better value opportunity right now?

MODG vs. SRAD: Which Stock Is the Better Value Option?

MODG's third-quarter 2024 results are likely to reflect the impact of slowing consumer activity.

Topgolf Callaway to Report Q3 Earnings: Things to Keep in Mind

CARLSBAD, Calif. , Nov. 5, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE: MODG) announced today that it intends to release its third quarter 2024 financial results on Tuesday, November 12, 2024, after the market closes.

Topgolf Callaway Brands to Release Third Quarter 2024 Financial Results

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is TOPGOLF CALLAWY (MODG) Stock Undervalued Right Now?

CARLSBAD, Calif. , Oct. 29, 2024 /PRNewswire/ -- Topgolf Callaway Brands (NYSE: MODG) ("Topgolf Callaway Brands" or the "Company") is pleased to announce the release of its 2022-2023 Sustainability Report, demonstrating the progress made since its inaugural report.

Topgolf Callaway Brands Publishes 2022-2023 Sustainability Report

Half-price gameplay offer invites Players to 'come play around' DALLAS, Texas , Oct. 24, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open Topgolf Akron on Nov. 8 in the former BigShots Golf Firestone located at 600 Swartz Road, Akron, Ohio. This is the fourth Topgolf location in the state.

Discover the Newest Place to Play at Topgolf Akron Opening Nov. 8

The long-awaited venue will be located at 427 Creekside Way DALLAS , Oct. 21, 2024 /PRNewswire/ -- Topgolf announced today it broke ground on a two-level venue located in New Braunfels Town Center at Creekside, a 400+ acre master-planned mixed-use development. The new venue is set to open in late 2025.

TOPGOLF BREAKS GROUND ON 14th TEXAS VENUE IN NEW BRAUNFELS

The average of price targets set by Wall Street analysts indicates a potential upside of 57.4% in Topgolf Callaway (MODG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think Topgolf Callaway (MODG) Could Surge 57.43%: Read This Before Placing a Bet

Is TOPGOLF CALLAWY (MODG) a Great Value Stock Right Now?

MODG stock to benefit from further enhancing its digital capabilities by launching the Topgolf Shop website.

Topgolf Callaway Launches Topgolf Shop, Boosts Digital Business

The website features golf clubs, balls and accessories for beginner golfers DALLAS , Oct. 3, 2024 /PRNewswire/ -- Topgolf and  Topgolf Callaway Brands Corp. (NYSE: MODG) announced today the launch of golf equipment website,  Topgolf Shop , geared toward providing beginners and off-course Players with a simple way to purchase entry-level golf equipment. The site marries Topgolf Callaway Brands' expertise in golf equipment with Topgolf's commitment to making the game more accessible and fun for beginner golfers.

Topgolf Callaway Brands Launches Beginner-Friendly Golf Equipment Site, Topgolf Shop

Half-price gameplay offer invites Players to discover the newest place to play DALLAS , Oct. 3, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open Topgolf Bryan on Oct. 18 in the former BigShots venue located at 400 W. Villa Maria Road in Travis Bryan Midtown Park.

There's a New Game in Town as Topgolf Bryan Opens Oct. 18

Topgolf announced the launch of its interactive Fortnite map on UEFN, where players can partake of minigames themed after Topgolf's games.

Topgolf launches a golfing experience on Fortnite's UEFN platform

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