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.

Earnings data Q1 2023

Earnings data Q2 2023

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CARLSBAD, Calif. , March 16, 2023 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE: MODG) ("Topgolf Callaway Brands" or the "Company") today announced the completion of a series of related transactions in support of a comprehensive plan to refinance its capital structure.

TOPGOLF CALLAWAY BRANDS SUCCESSFULLY COMPLETES DEBT REFINANCING

CARLSBAD, Calif. , March 1, 2023 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE: MODG) (the "Company") announced today that it will be attending Raymond James' Institutional Investors Conference on March 6, 2023, in Orlando, Florida.

TOPGOLF CALLAWAY BRANDS TO ATTEND RAYMOND JAMES INSTITUTIONAL INVESTORS CONFERENCE

We initiated coverage of Topgolf Callaway in October with a "BUY" rating and the stock has returned 20% since then. The recent rally has confirmed our short-term expectations, but the risk-reward proposition is now less favorable.

Topgolf Callaway: Taking Profit (Rating Downgrade)

Topgolf Callaway Brands continues to grow nicely on both its top and bottom lines. That trend is set to continue and the market has responded positively to this.

Topgolf Callaway Brands: Still A Great Play, But Not As Great

Topgolf Callaway Brands Corp. (NYSE:MODG ) Q4 2022 Earnings Conference Call February 9, 2023 5:00 PM ET Company Participants Lauren Scott - Director of Investor Relations Chip Brewer - President and Chief Executive Officer Brian Lynch - Chief Financial Officer Patrick Burke - Senior Vice President of Global Finance Conference Call Participants Randal Konik - Jefferies Alex Perry - Bank of America Merrill Lynch Daniel Imbro - Stephens Inc. Joseph Altobello - Raymond James Michael Swartz - Truist Securities Casey Alexander - Compass Point Research & Trading, LLC Eric Wold - B. Riley Securities George Kelly - ROTH MKM Operator Good day, and welcome to the Topgolf Callaway Brands Fourth Quarter and Full-Year 2022 Earnings Conference Call.

Topgolf Callaway Brands Corp. (MODG) Q4 2022 Earnings Call Transcript

Topgolf Callaway (MODG) delivered earnings and revenue surprises of -42.11% and 1.60%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Topgolf Callaway Brands (MODG) Reports Q4 Loss, Tops Revenue Estimates

Shares of Topgolf Callaway Brands Corp. rose after hours on Thursday after the golf giant nudged its full-year sales and adjusted profit forecasts higher — as the popularity of its Topgolf entertainment facilities helps counterbalance easing demand for golf equipment.

Topgolf Callaway says people haven't given up on golf yet — at least off the course

Record Revenue Reflects Continued Strength Across All Operating Segments Raises Full Year 2023 Revenue and Adjusted EBITDA Outlook Fourth Quarter and Full Year 2022 Highlights Q4 net revenue increased 19.6% compared to 2021 Q4 seasonal operating loss improved 36.6% compared to 2021, or 42.4% on a non-GAAP basis Topgolf opened 11 new owned and operated venues in 2022, including 6 in Q4, and delivered same venue sales growth of 7% and 11% for the full year and Q4, respectively, compared to 2019 Full year net revenue increased 27.5% compared to 2021 Full year 2022 net income of approximately $158 million on both a GAAP and non-GAAP basis. In 2021, due to a $252.5 million non-cash gain related to the Topgolf merger, GAAP net income was $322.0 million while non-GAAP net income was $137.9 million.

TOPGOLF CALLAWAY BRANDS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 RESULTS

CARLSBAD, Calif. , Feb. 1, 2023 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE: MODG) announced today that it intends to release its fourth quarter and full year 2022 financial results on Thursday, February 9, 2023, after the market closes.

Topgolf Callaway Brands to Release Fourth Quarter & Full Year 2022 Financial Results

If Topgolf venues keep churning out revenue at these levels, the company could eventually become a cash cow.

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There is a lot of runway left to grow this golf entertainment concept around the world.

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The Global Entertainment Superstar and Golf Advocate will Collaborate with Callaway on Game-expanding Initiatives CARLSBAD, Calif. , Jan. 5, 2023 /PRNewswire/ -- Today Callaway Golf, one of the golf industry's leaders in golf equipment design, performance, and innovation, officially announced a formal partnership with global music and entertainment superstar, Niall Horan.

Callaway Golf and Niall Horan Announce Multi-Year Partnership

CARLSBAD, Calif. , Jan. 4, 2023 /PRNewswire/ -- Today Callaway Golf, one of the golf industry's leaders in equipment design, performance, and innovation, officially announced their new Paradym Family of Woods and Irons.

Callaway Golf Announces New Paradym Family of Woods and Irons

Company has been delivering consecutive top and bottom line performance, with positively revised predictions for year-end results. Strong balance sheet, visible growth, strong brands, and low valuations.

Topgolf Callaway: A Great Long Term Investment

The golf brand has an easy path to grow its revenue and profits over the next decade.

Why Topgolf Callaway Stock is a Surefire Buy in 2023 and Beyond

CARLSBAD, Calif. , Nov. 10, 2022 /PRNewswire/ – Topgolf Callaway Brands Corp. (NYSE: MODG) (the "Company") announced today that it will be attending Stephens' Annual Investment Conference on November 17, 2022, in Nashville, Tennessee.

TOPGOLF CALLAWAY BRANDS CORP. TO ATTEND STEPHENS' ANNUAL INVESTMENT CONFERENCE

Topgolf Callaway (MODG) delivered earnings and revenue surprises of 35.29% and 4.35%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Topgolf Callaway Brands (MODG) Q3 Earnings and Revenues Top Estimates

Third Quarter Revenue Increase Driven by Strength Across All Segments Introduces Full Year 2023 Revenue and Adjusted EBITDA Outlook Q3 2022 consolidated net revenues of $988.5 million, an increase of 15.4%, or 21.3% on a constant currency basis, compared to Q3 2021 Q3 2022 GAAP income from operations of $68.2 million, a decrease of 10.3%, compared to Q3 2021, and non-GAAP income from operations of $81.1 million, a decrease of 4.1%, or an increase of 26.6% on a constant currency basis, compared to Q3 2021 Q3 2022 GAAP net income of $38.5 million, an increase of 340.6% compared to Q3 2021, and non-GAAP net income of $44.6 million, an increase of 69.6%, or 152.9% on a constant currency basis, compared to Q3 2021 Q3 2022 Adjusted EBITDA of $144.4 million, an increase of 4.0%, or 22.7% on a constant currency basis, compared to Q3 2021 Increased full year 2022 revenue outlook to $3,965 million - $3,985 million and Adjusted EBITDA outlook to $560 million - $570 million CARLSBAD, Calif. , Nov. 3, 2022 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE: MODG) announced record financial results for the third quarter and nine months ended September 30, 2022.

TOPGOLF CALLAWAY BRANDS CORP. ANNOUNCES RECORD THIRD QUARTER 2022 RESULTS AND RAISES FULL YEAR GUIDANCE

CARLSBAD, Calif. , Oct. 28, 2022 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE: MODG) announced today that it intends to release its third quarter 2022 financial results on Thursday, November 3, 2022, after the market closes.

Topgolf Callaway Brands to Release Third Quarter 2022 Financial Results

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Topgolf Callaway Brands Corp. is a golf conglomerate that can provide broad and diversified exposure to a steady growth market. The company has projected strong financial growth, and based on previous performance, we believe that the company can continue to meet double-digit growth on key segments.

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News for Topgolf Callaway Brands Corp Stock (MODG)