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 split of Topgolf and Callaway is expected to maximize shareholder value by allowing each brand to focus on their core business models independently. Topgolf's capital-intensive nature has been a drag on Callaway, making the separation beneficial for both entities to operate more efficiently. The combined entity trades at a deep value of 0.52x forward book value, presenting a 92.3% upside if shares converge to 1x book value.

Topgolf Callaway: The Breakup Is A Great Idea

Topgolf inks a deal with Golf Saudi to expand its presence and elevate golf in Saudi Arabia.

MODG Expands Presence in Saudi Arabia With Golf Saudi Partnership

CARLSBAD, Calif. , Sept. 19, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE: MODG) continues its global expansion by entering into a multiyear agreement with Golf Saudi Entertainment, LLC ("Golf Saudi"), to bring Topgolf Callaway Brands' family of brands, including Topgolf, Callaway, TravisMathew, Odyssey and Ogio, to Saudi Arabia.

Topgolf Callaway Brands Enters into Multiyear Strategic Agreement with Golf Saudi

Duffers are ruining things for Topgolf Callaway MODG -9.05%decrease; red down pointing triangle.

Topgolf Sent Callaway Into the Rough

Topgolf Callaway Brands Corp (NYSE:MODG) is down 1% to trade at $10.65, but earlier was higher, after the entertainment and retail company announced it will split into two separate businesses.

Topgolf Callaway Slices, Announces Spinoff

Shares of Topgolf Callaway Brands (MODG) rose about 5% in premarket trading Thursday, a day after announcing plans to split back into two separate companies just three years after their merger was completed.

Topgolf Callaway Stock Rises on Plans To Split Just 3 Years After Merger

After some three-and-a-half years together, Topgolf — a driving-range and entertainment chain — and Callaway, a maker of golf clubs and golf balls, could soon find themselves on their own.

Topgolf Callaway wants to split up after a little more than three years. Here's what could complicate the breakup.

Separation Will Create a Leading Golf Equipment and Active Lifestyle Company with Strong Free Cash Flow and the Category Leading, High-Growth, Pure-Play Venue-Based Golf Entertainment Business  Both Businesses Will Have Strong Balance Sheets, Positive Free Cash Flow and the Required Scale to be Leaders in Their Respective Markets CARLSBAD, Calif. , Sept. 4, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands," "we," "our," "us") (NYSE: MODG) today announced that its Board of Directors intends to pursue the separation of its business into two independent companies: Callaway, a leader in golf equipment with a highly complementary Active Lifestyle business, with last twelve months revenue through Q2 2024 of approximately $2.5 billion (including Toptracer); and Topgolf, a category leading, high-growth, pure-play venue-based golf entertainment business, with last twelve months revenue through Q2 2024 of approximately $1.8 billion (excluding Toptracer).

TOPGOLF CALLAWAY BRANDS ANNOUNCES INTENT TO SEPARATE INTO TWO INDEPENDENT COMPANIES

The two-level venue will be located along I-40 at Guilford College Road DALLAS , Aug. 29, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open Topgolf Greensboro on Friday, Sept. 13. This is the fourth Topgolf venue in North Carolina including locations in Charlotte and Durham.

Topgolf Greensboro Opens Its Doors Friday, Sept. 13

August has been a month to forget for Topgolf Callaway Brands (NYSE:MODG), whose share price has lost 32% through Aug.

I Love TopGolf, but Here Are 3 Reasons I Will Never Buy The Stock

Shares of Topgolf Callaway Brands Corp. sank toward a nine-month low Friday as the continued deterioration of traffic at the golf lifestyle and equipment company's venues prompted a double downgrade at Raymond James.

Avoid Topgolf's stock, as nothing has worked to boost traffic, analyst says

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The two-level venue sits within The Parkways development in West Des Moines DALLAS , Aug. 22, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open its first venue in Iowa, Topgolf Des Moines, on Sept. 6. This is Topgolf's 101st global outdoor venue.

First Topgolf in Iowa Opens Its Doors in Des Moines on Friday, Sept. 6

I revised my rating from buy to sell. I now have very little confidence in SVS growth given the weak discretionary spending environment, and poor results from initiatives implemented. MODG's 2Q24 performance showed a significant deceleration in SVS growth.

Topgolf Callaway Brands Corp.: Rating Downgrade On Poor SVS Performance

On August 7, 2024, Topgolf Callaway Brands Corp. (NYSE: MODG, $11.73, Market Capitalization: $2.2 billion), a prominent player in golf equipment and entertainment, announced that it is conducting a formal strategic review of its businesses, wherein the management is exploring a potential spin-off the Topgolf segment (for more information, visit spinoffresearch.com).

Topgolf Callaway Likely To Spin-Off Topgolf Business

Topgolf Callaway Brands Corp (NYSE:MODG ) Q2 2024 Results Conference Call August 7, 2024 5:00 PM ET Company Participants Katina Metzidakis - VP, IR & Corporate Communications Chip Brewer - President & Chief Executive Officer Brian Lynch - Chief Financial Officer & CLO Conference Call Participants Alex Perry - Bank of America Matthew Boss - JPMorgan Eric Wold - B. Riley Securities Megan Alexander - Morgan Stanley Joseph Altobello - Raymond James Operator Good day, and welcome to the Topgolf Callaway Brands Second Quarter 2024 Conference Call.

Topgolf Callaway Brands Corp (MODG) Q2 2024 Earnings Call Transcript

Topgolf Callaway's equipment and apparel segments saw declining revenue in Q2. Topgolf same-store sales are declining.

Topgolf Callaway Stock Fell Close to 25% This Week. Here's Why.

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

Topgolf Callaway (MODG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Topgolf Callaway Brands (MODG) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.39 per share a year ago.

Topgolf Callaway Brands (MODG) Q2 Earnings Top Estimates

Announces Formal Strategic Review of Topgolf Including Organic and Inorganic Alternatives  HIGHLIGHTS Q2 Net Income of $62 million, Non-GAAP Net Income of $83 million, and Adjusted EBITDA of $206 million were all ahead of expectations. Q2 Consolidated Revenues were down 1.9% year-over-year and full year Revenue and Adjusted EBITDA outlook lowered to a range of $4,200 - $4,260 million and $570 - $590 million, respectively.

TOPGOLF CALLAWAY BRANDS ANNOUNCES SECOND QUARTER 2024 RESULTS

Dubbed The Sure Thing, the club is designed to increase the likelihood of hitting the ball solidly into the air and experiencing that euphoric feeling that comes from a shot well hit DALLAS , Aug. 1, 2024 /PRNewswire/ -- It's a familiar feeling: You're at a Topgolf venue with friends and family, and approach the tee line to take your best swing. You shift into a backswing and let the club fly – only to soon discover the only thing you've contacted is thin air as you've missed the ball entirely.

Topgolf Debuts New Golf Club with One Goal: Make Golf Less Hard

CARLSBAD, Calif. , July 31, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE: MODG) announced today that it intends to release its second quarter 2024 financial results on Wednesday, August 7, 2024, after the market closes.

Topgolf Callaway Brands to Release Second Quarter 2024 Financial Results

Schauffele makes history and becomes the Champion Golfer of the Year with an iconic final round 65 at Royal Troon CARLSBAD, Calif. , July 22, 2024 /PRNewswire/ -- On Sunday, Callaway Staff Professional Xander Schauffele earned his 2nd major win of the year at The Open to become the Champion Golfer Of The Year.

Xander Schauffele Wins His 2nd Major At The Open Championship With Callaway Clubs and Golf Ball

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