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

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Topgolf Callaway Brands Corp. continues to face challenges and uncertainties after its 2021 merger, resulting in a 39.96% downturn in its stock since my prior analysis. The company has shown strengths in surpassing four billion dollars in revenue and maintaining profitability, but has lowered its FY 2023 guidance. Despite the hurdles, Topgolf has positive cash flow trends and ambitious growth plans, indicating potential for an upturn in the future.

Topgolf Callaway: Balancing Challenges And Growth Potential Post-Merger

Shares of Topgolf Callaway Brands Corp. on Thursday suffered their worst percentage drop in more than three years, after the golf-equipment and venue giant a day earlier cut its full-year outlook and analyst sentiment on the stock soured.

Topgolf Callaway stock has its worst day in more than 3 years. But analysts say golf equipment's not the problem.

Topgolf Callaway Brands reported third-quarter 2023 results that beat expectations, but guidance was another story. Same-store sales are expected to be down in the fourth quarter, a concerning trend for Topgolf.

Why Topgolf Callaway's Stock Plunged 18.8% Today

Chief Executive Officer Chip Brewer says the company is "taking decisive action" to cut costs.

Topgolf Stock Sinks. Blame Rough Guidance.

Topgolf Callaway Brands (MODG) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.23 per share a year ago.

Topgolf Callaway Brands (MODG) Q3 Earnings Top Estimates

Shares of Topgolf Callaway Brands slid 19% after hours on Wednesday after the golf-equipment and entertainment company cut its full-year sales and profit outlook and offered a weak fourth-quarter sales forecast following what it said was a “challenging” third quarter. The company, which sells Callaway golf clubs and other equipment and runs the Topgolf recreational driving-range chain, said it expected full-year sales of $4.235 billion to $4.26 billion, down from a prior outlook of $4.42 billion to $4.47 billion.

Topgolf Callaway Brands shares tumble after cut to full-year forecast

HIGHLIGHTS   Topgolf continues to drive efficiencies and delivered strong venue-level margins. On-course golf participation and engagement remain strong; and Callaway sustained its strong U.S. market share including #1 year-to-date in Woods, Drivers, Fairway Woods, Hybrids, and Irons, as well as its brand position as a leader in Technology and Innovation.

TOPGOLF CALLAWAY BRANDS ANNOUNCES THIRD QUARTER 2023 RESULTS

Alabama's third Topgolf venue will be located near the intersection of I-65 and Government Boulevard in the McGowan Park Shopping Center DALLAS , Nov. 2, 2023 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open its Mobile venue on Friday, Nov 17. The Basics Never been to a Topgolf venue?

Topgolf Mobile Opens Friday, Nov. 17

CARLSBAD, Calif. , Nov. 1, 2023 /PRNewswire/ -- Today Odyssey Golf, an industry leader in putter innovation and the #1 Putter on Tour, announced its exceptional new lineup of Ai-ONE and Ai-ONE Milled Putters.

Odyssey Golf Announces New Ai-ONE and Ai-ONE Milled Putters

CARLSBAD, Calif. , Nov. 1, 2023 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE: MODG) (the "Company" or "Topgolf Callaway Brands") announced today that it has purchased certain assets from Invited, Inc. ("Invited"), the largest owner and operator of private golf clubs in the US, related to its BigShots Golf ("BigShots") business.

TOPGOLF CALLAWAY ACQUIRES BIGSHOTS GOLF, STRENGTHENING ITS LEADERSHIP IN OFF-COURSE GOLF

CARLSBAD, Calif. , Oct. 31, 2023 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE: MODG) announced today that it intends to release its third quarter 2023 financial results on Wednesday, November 8, 2023, after the market closes.

Topgolf Callaway Brands to Release Third Quarter 2023 Financial Results

Topgolf Callaway (MODG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Topgolf Callaway (MODG) Keep the Earnings Surprise Streak Alive?

Topgolf Callaway (MODG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Topgolf Callaway Brands (MODG) Q3 Earnings Expected to Decline

Located at 3450 S. Germantown Road, the venue is about 20 minutes from downtown Memphis DALLAS , Oct. 23, 2023 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open its Memphis venue on Friday, Oct. 27.

Topgolf Venue No. 4 for Tennessee with the Oct. 27 Opening in Memphis

The state's first Topgolf venue will be located at 777 Dedham St. in Canton DALLAS , Oct. 19, 2023 /PRNewswire/ -- Modern golf entertainment leader  Topgolf announced today it will open its first Massachusetts venue on Friday, Nov. 3. The Basics What's Topgolf?

Calling All Townies, Visitors and Everyone in Between: Topgolf Boston-Canton Opens Nov. 3

In the heart of St. Louis, the company's newest venue will be located at 3201 Chouteau Avenue DALLAS , Oct. 16, 2023 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open its St. Louis-Midtown venue on Friday, Oct. 20. The Basics Never been to a Topgolf venue?

Topgolf St. Louis-Midtown Opens Friday, Oct. 20

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Topgolf's 91st global venue is located at 120 Sockanosset Cross Road in Cranston, Rhode Island DALLAS , Oct. 2, 2023 /PRNewswire/ -- Modern golf entertainment leader  Topgolf announced today it will open its first Rhode Island venue on Friday, Oct. 6. The Basics What is Topgolf?

Topgolf Enters New England with Opening of Rhode Island Venue

Topgolf Callaway was formed by a merger during the pandemic. The company is growing quickly, but investors are worried about short-term cash burn and slowing same-venue sales growth.

Topgolf Callaway Stock Is Down 30% This Year: Time to Buy The Dip?

MODG is a buy due to its strong financial performance, pricing power, and optimistic growth outlook. MODG has demonstrated impressive revenue growth and improved EBITDA margin, even in a high-inflation environment. The company benefits from demographic shifts, particularly the aging population, and has successfully tapped into a new demographic seeking unique entertainment experiences.

Topgolf Callaway Brands: Robust Financial Performance, Future Growth Driven By Changing Demographics

CARLSBAD, Calif. , Aug. 30, 2023 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE: MODG) (the "Company") announced today that it will be attending the J.P.

TOPGOLF CALLAWAY BRANDS TO ATTEND J.P. MORGAN'S ENDLESS SUMMER RESTAURANT & LIFESTYLES FORUM

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Topgolf Callaway Brands Corp, previously known as Callaway Golf Company, is a leading golf and active lifestyle company. Post-Merger with Topgolf, the firm has further diversified its business and exposed itself to new market. I believe the firm is well positioned to capture the rising interest in Off-Course Golf.

News for Topgolf Callaway Brands Corp Stock (MODG)