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 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 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.

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Analysts Estimate Topgolf Callaway Brands (MODG) to Report a Decline in Earnings: What to Look Out for

CARLSBAD, Calif. , May 1, 2023 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE: MODG) announced today that it intends to release its first quarter 2023 financial results on Tuesday, May 9, 2023, after the market closes.

Topgolf Callaway Brands to Release First Quarter 2023 Financial Results

Beginning in 2024, Special Olympics athletes can compete in Topgolf as an individual or as an officially sanctioned team DALLAS , April 19, 2023 /PRNewswire/ -- Topgolf is beyond excited to share that beginning in 2024, Topgolf will be an officially sanctioned event with Special Olympics, the first time a brand has become a medaled event. That means Special Olympics athletes will be able to compete in Topgolf as an individual or with a team through Special Olympics Unified Sports®, which joins people with and without intellectual disabilities on the same team for training and competition.

Topgolf to Become Global Medaled Event in Special Olympics

CARLSBAD, Calif., April 10, 2023 /PRNewswire/ -- Jon Rahm showcased a complete shift in performance at Augusta National, as he captured his 2nd career major championship victory on Sunday at The Masters. Rahm trusted Callaway golf equipment and an Odyssey Putter throughout the week, carded an impressive final round 69, and will now move to #1 in the world golf rankings with his win.

Jon Rahm Wins His 2nd Major Championship at The Masters with Callaway Clubs and Golf Ball

Lululemon Athletica

YETI

Growth stocks may be down, but that doesn't mean that the companies behind them aren't as strong as ever.

3 Cheap Growth Stocks to Buy Now

Spotify

Taiwan Semiconductor Manufacturing

Spotify's goal of "owning your ears" is rounding into shape. Taiwan Semiconductor is making the world's most advanced computer chips, and no competitors are close.

$10,000 Invested In These Growth Stocks Could Make You a Fortune Over the Next 10 Years

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

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.

Real Estate Investors Understand Why Topgolf Callaway Could Be a Market Beater

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

Topgolf Callaway: A Surefire Growth Stock Hiding in Plain Sight?

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

American Eagle Outfitters

Abercrombie & Fitch

Carvana

Foot Locker

Gap Inc

Peloton

With a good deal of problems facing the domestic and global economies, it's time to consider these top retail stocks to sell. Fundamentally, one of the biggest drivers of this cautionary take centers on the Federal Reserve.

News for Topgolf Callaway Brands Corp Stock (MODG)