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 2024

MODG exceeds Q1 expectations, faces corporate spend challenges

MODG reported strong Q1 2023 results, driven by Topgolf's performance and successful debt refinancing. While facing challenges from reduced corporate spend and Omicron impacts, the company sees opportunities in consumer demand, marketing initiatives, and achieving long-term targets. Overall, the company remains confident in its outlook and growth prospects.

Topgolf reports solid Q2 performance, eyes growth opportunities and margin improvements

Topgolf Callaway Brands delivered strong revenue growth and operational performance in Q2, driven by the success of its venues and brands. While facing challenges in managing debt and inflationary pressures, the company is focused on improving margins and seizing opportunities for growth through new participant additions and strategic acquisitions.

Topgolf reports strong Q3 performance, focuses on cost reduction

Topgolf's Q3 performance was strong, with a focus on cost reduction and profitability improvement. Despite challenges in same venue sales and corporate events, the company is optimistic about long-term growth and potential opportunities. The focus on digital sales, new venue openings, and cost-saving measures positions Topgolf for future success.

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The three-level venue sits adjacent to the fully redesigned Montebello Golf Course DALLAS , April 18, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open in Montebello, California, on May 3, marking the company's 100th global outdoor Topgolf venue. Located about 10 minutes east of downtown LA, the three-story Topgolf venue anchors the redesigned Montebello Golf Course that the City of Montebello recently transformed into two courses: The first course is a traditional nine-hole course, and the second course is a new, par 3 nine-hole course with night lighting.

Topgolf Opens Its Doors in Montebello, California, on May 3

Shares of Topgolf Callaway spiked higher after a report out of South Korea indicated that the company's largest investors were looking for a buyer for at least part of the business. The plan, according to reports, could involve selling the apparel units and spinning the entertainment centers out as an independent company.

Why Topgolf Callaway Stock Was a Solid Hit in March

Topgolf's third North Carolina venue will be located at 4901 Topgolf Way in Durham DALLAS , April 1, 2024 /PRNewswire/ -- At long last, modern golf entertainment leader Topgolf announced today it's opening its Durham venue on Friday, April 12. The Basics Never been to a Topgolf venue?

Long-Awaited Topgolf Durham Opens Friday, April 12

A South Korean newspaper reported TopGolf Callaway was exploring an asset sale. Shares popped on the news, but management refuted any discussions are taking place.

TopGolf Callaway Was Soaring This Week: Here's Why

CARLSBAD, Calif. , March 21, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE: MODG) ("Topgolf Callaway Brands" or the "Company") today announced the repricing of its term loan, thereby lowering its future interest costs.

TOPGOLF CALLAWAY BRANDS SUCCESSFULLY COMPLETES DEBT REPRICING

Topgolf Callaway Brands reported better than expected net sales growth and positive 2024 FCF guidance. The company has a broad portfolio in the golf industry, including venues, equipment, and lifestyle products. New products incorporating machine learning capabilities may drive future net sales growth.

Topgolf: New AI Products, Denial Of Sale Talks, And Cheap

Topgolf Callaway (MODG) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Topgolf Callaway (MODG) Surges 8.8%: Is This an Indication of Further Gains?

CARLSBAD, Calif. , March 20, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE: MODG) ("Topgolf Callaway Brands" or the "Company") today issued the following statement:   While it is our long-standing practice not to respond to market rumors and speculation, in light of today's unusual market activity, coupled with a recent media report originating in Korea regarding discussions of a potential sale of the Company or its golf equipment business, we confirm that we are not aware of any such discussions.

TOPGOLF CALLAWAY ISSUES STATEMENT ON RECENT MEDIA REPORTS

Topgolf Callaway shares are up on a report that the company's largest investors are considering options for the golf and entertainment company. The report speculates that the company could spin off its entertainment assets and sell its equipment and apparel units.

Why Topgolf Callaway Brands Stock Is Driving Higher Today

Topgolf Callaway (NYSE: MODG ) stock is on the rise Wednesday after reports spread that the golf equipment company is selling itself. According to these reports, major stockholders in the company have come together to sell their shares of MODG.

Why Is Topgolf Callaway (MODG) Stock Up 12% Today?

Topgolf Callaway Brands Corp. reported better than expected Q4 2023 earnings on Tuesday. Despite the rally this week, shares are still down over 50% since its all-time highs in 2021. MODG's EV/EBITDA multiple is now considerably below its direct peer, Acushnet Holdings.

Topgolf Callaway Brands: Cheap Valuation Relative To Peers Post Earnings

Topgolf Callaway Brands Corp. (MODG) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Topgolf Callaway (MODG) give a sense of how its business performed in the quarter ended December 2023, 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) Q4 Earnings: A Look at Key Metrics

Topgolf Callaway Brands (MODG) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to loss of $0.27 per share a year ago.

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

HIGHLIGHTS   Consolidated full year revenue growth of 7%. Consolidated Cash from Operations of $365 million and $221 million of Embedded Cash Flow.1 Topgolf business delivers full year 1% Same Venue Sales growth and positive Free Cash Flow.

TOPGOLF CALLAWAY BRANDS ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2023 RESULTS

CARLSBAD, Calif. , Feb. 6, 2024 /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 2023 financial results on Tuesday, February 13, 2024, after the market closes.

Topgolf Callaway Brands to Release Fourth Quarter and Full-Year 2023 Financial Results

Topgolf Callaway's (MODG) Callaway Golf launches new Paradym Ai Smoke Golf Clubs, featuring groundbreaking Ai Smart Face technology for enhanced distance and multiple sweet spots.

Topgolf Callaway (MODG) Introduces New Ai Smoke Golf Clubs

Real player data combined with revolutionary technology helped create the new Ai Smart Face. Multiple sweet spots across the face are designed to unlock added distance for every player.

Callaway Golf Announces New Paradym Ai Smoke Woods and Irons

CARLSBAD, Calif. , Jan. 3, 2024 /PRNewswire/ -- Today Callaway Golf, one of the industry's leaders in equipment design, performance, and innovation, announced their new line of Chrome Tour, Chrome Tour X, and Chrome Soft Golf Balls.

Callaway Golf Announces New Chrome Tour, Chrome Tour X, and Chrome Soft Golf Balls

The two-level venue will be located along I-40 at Guilford College Road DALLAS , Dec. 20, 2023 /PRNewswire/ -- Topgolf announced today it recently broke ground on a two-level venue in Greensboro, North Carolina, set to open in late 2024. The Basics If you've never been to a Topgolf venue before, think of it as a modern golf experience where anyone – including people who have never picked up a golf club and those who want to perfect their swing – can participate in the sport in a relaxed, no-pressure environment.

Topgolf Breaks Ground in Greensboro, North Carolina

Arkansas' second Topgolf venue will be located at 5 Topgolf Way off I-430 at Colonel Glenn Road DALLAS , Dec. 7, 2023 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it's wrapping up 2023 by opening its newest venue in the state capital of Arkansas on Friday, Dec. 22. The Basics Never been to a Topgolf venue?

Topgolf Little Rock Opens Friday, Dec. 22

Acushnet Hlds

Topgolf Callaway Brands (NYSE: MODG) and Acushnet Holdings (NYSE: GOLF) stock prices have diverged in 2023. While GOLF shares have jumped by 35% this year, Callaway's stock is down by almost 30%.

Callaway vs Titleist's Acushnet: The better golf stock to buy?

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Louisiana's second Topgolf venue will be located in the Ambassador Town Center approximately 15 minutes from downtown Lafayette DALLAS , Nov. 30, 2023 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open its Lafayette venue on Friday, Dec. 15. The Basics Never been to a Topgolf venue?

Topgolf Lafayette Opens Friday, Dec. 15

Florida's ninth Topgolf venue will be conveniently located off I-95 at the intersection of Powerline Boulevard and Race Track Road DALLAS , Nov. 30, 2023 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will grand open its Pompano Beach venue on Friday, Dec. 15. The Basics Never been to a Topgolf venue?

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