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 Q4 2020

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

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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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CARLSBAD, Calif. , Sept. 7, 2022 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE: MODG) ("Topgolf Callaway Brands" or the "Company") announced today that it will be attending the Goldman Sachs 29th Annual Global Retailing Conference on September 7, 2022 in New York, NY.

TOPGOLF CALLAWAY BRANDS CORP. TO ATTEND GOLDMAN SACHS 29TH ANNUAL GLOBAL RETAILING CONFERENCE

News for Topgolf Callaway Brands Corp Stock (MODG)