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

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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.

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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?

Topgolf Pompano Beach Grand Opens Friday, Dec. 15

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.

News for Topgolf Callaway Brands Corp Stock (MODG)