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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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.

Topgolf Callaway Brands: Attractive Play Considering Rising Interest In Off-Course Golfing

Topgolf Callaway Brands Corp. (NYSE:MODG ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Katina Metzidakis - Vice President of Investor Relations and Corporate Communications Oliver Brewer - President and Chief Executive Officer Brian Lynch - Executive Vice President, Chief Financial Officer and Chief Legal Officer Conference Call Participants Matthew Boss - JPMorgan Randal Konik - Jefferies Alexander Perry - Bank of America Daniel Imbro - Stephens Inc. Noah Zatzkin - KeyBanc Capital Markets Martin Mitela - Raymond James John Kernan - TD Cowen Michael Swartz - Truist Securities Eric Wold - B. Riley Securities Casey Alexander - Compass Point Research & Trading Operator Welcome to the Topgolf Callaway Brands Second Quarter 2023 Earnings Conference Call.

Topgolf Callaway Brands Corp. (MODG) Q2 2023 Earnings Call Transcript

Topgolf Callaway Brands (MODG) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.47 per share a year ago.

Topgolf Callaway Brands (MODG) Surpasses Q2 Earnings Estimates

Topgolf Callaway Brands Corp. MODG, -2.93% shares dropped more than 6% in the extended session Tuesday after the retailer reported a slightly lower-than-expected quarterly revenue. The company earned $117.4 million, or 59 cents a share, in the second quarter, compared with $105.4 million, or 53 cents a share, in the year-ago quarter.

News for Topgolf Callaway Brands Corp Stock (MODG)