Spin Gen Face Technology delivers spin and control by combining three key elements on the Opus face. An all-new tighter pitch puts more grooves on the face, an offset groove-in-groove design creates spin when opening the face, and a new aggressive face blast is developed for spin and bite on partial shots. These three elements work in conjunction to provide crisp, Tour-level spin that promotes short game action and control like never before.  Opus Wedges also feature the most Tour-tested, Tour-validated sha ...

The multiyear agreement brings with it co-promotional opportunities and select benefits for Cash App cardholders CARLSBAD, Calif., June 20, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE: MODG) is excited to announce it has entered into a multiyear strategic agreement with Visa, a world leader in digital payments, that extends across Topgolf Callaway's family of brands, including Topgolf, Callaway and TravisMathew. The partnership brings with it co-promotional opportunities and cardholder benefits ...

Golf fans of all abilities can register now for the Unified Fore Joy ProAm WASHINGTON, June 6, 2024 /PRNewswire/ -- Special Olympics and modern golf entertainment leader Topgolf will play host to the largest day of inclusive golf in the world during the Unified Fore Joy ProAm on Sept. 27. Golf fans of all abilities will support and raise funds for Special Olympics programming at thirty-one participating Topgolf venues located in the United States and United Kingdom. Special Olympics and Topgolf will host th ...

Delivering value for Players in a fun and memorable way is at the heart of the campaign DALLAS, June 6, 2024 /PRNewswire/ -- A typical golf announcer speaks in a calm and respectable manner. The gravity of each shot can be felt through the announcer's hushed voice and controlled breathing during crucial moments of the game. Topgolf's new announcers, who are debuting in the brand's summer ad campaign that launches today, June 6, are nothing like that. Topgolf Come Play AroundTopgolf Come Play Around Meet Cha ...

Morse joins Topgolf from Dallas-based Andrews Distributing DALLAS, May 22, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today that Maryam Morse has been named its new Chief People Officer beginning May 27. Morse joins the company from Andrews Distributing where she served as the Executive Vice President of Human Resources and Communications since 2018. In her new role, Morse will oversee recruitment and retention, leadership development, training and compliance, the Playmaker (aka ...

Schauffele earns his first major victory and sets the lowest winning score in major championship history with a Callaway Paradym Ai Smoke Driver, Chrome Tour Golf Ball, and an Odyssey Putter CARLSBAD, Calif., May 20, 2024 /PRNewswire/ -- On Sunday, Callaway Staff Professional Xander Schauffele earned his first major win at the 2024 PGA Championship. Schauffele also set the record for the lowest score in major championship history at 21-under with rounds of 62-68-68-65 at Valhalla Golf Club, highlighted by a ...

PepsiCo and Topgolf Launch Eight-Year Partnership Offering the Chance to Win Eight Years of Free Topgolf and PepsiCo Beverages DALLAS, May 15, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today an eight- year beverage agreement with global food and beverage leader, PepsiCo. Beverages will be supplied to Topgolf's U.S. venues beginning May 15, 2024, with the rollout expected to be completed by June 2024. PepsiCo beverages will be rolled out to Topgolf’s U.S. venues beginning May 15 ...

财务数据和关键指标变化 - 第一季度收入为11.44亿美元,与指引一致 [51] - 调整后EBITDA为1.61亿美元,超出指引上限,同比增长2% [54] - 非GAAP净收入同比下降约1700万美元,主要由于折旧摊销和利息费用增加 [46] - 存货余额同比下降2.27亿美元,达到7.03亿美元 [66] 各条业务线数据和关键指标变化 Topgolf业务 - 第一季度收入同比增长5%,主要由于新开场馆带来 [54] - 同店销售下降7%,符合预期,受到2023年第一季度企业活动业务激增的影响 [13][55] - 毛利率同比提升180个基点,受益于库存管理系统和新的劳动模式 [27][55] - 预计第二季度同店销售将下降低个位数,下半年有望转正 [23][57] 高尔夫装备业务 - 第一季度收入同比增长1%,主要受益于新产品发布 [58] - 在美国市场实现高单位数增长,但受汇率不利影响,亚洲市场销售下滑 [58] - 在驱动木杆、推杆和铁杆等主要品类实现市占率第一 [33][34][35] - 高尔夫球业务市占率创新高,达到11%的溢价球市场份额 [35] 休闲生活业务 - 第一季度收入同比下降15%,主要由于去年同期特殊渠道补货的影响 [60] - 杰克沃尔夫斯金业务在欧洲市场面临挑战,全年收入预期下调 [42][60] - 特拉维斯马修品牌表现符合预期,但同比下降 [60] 各个市场数据和关键指标变化 - 美国市场和公司业务保持强劲 [37] - 欧洲市场由于英国天气状况较差而开局较慢,但公司市占率有所提升 [38] - 日本市场受汇率不利影响,销售下滑 [38] - 韩国市场销售下滑双位数,受汇率不利影响 [39] 公司战略和发展方向及行业竞争 - Topgolf业务正在转型,通过数字体验、玩家体验和价值提升等三大举措推动同店销售增长 [14][16][20] - 公司有信心未来10年平均每年新开10家Topgolf场馆,美国市场潜力为250家 [31] - 高尔夫装备业务新产品发布计划将更多集中在下半年,有望推动全年收入和利润增长 [39] - 休闲生活业务中的杰克沃尔夫斯金业务正在采取措施稳定并提升盈利能力 [43] - 公司整体保持良好的现金流和偿债能力,有望继续推动股东价值的创造 [61][62][64] 管理层对经营环境和未来前景的评论 - 尽管面临一些宏观环境的不确定性,但公司核心业务保持强劲,有信心实现全年EBITDA目标 [10] - Topgolf业务有望在下半年转回正增长,公司内部目标是全年同店销售实现低单位数增长 [25][26] - 高尔夫装备业务有望全年实现收入和利润增长,新产品发布计划为下半年带来动能 [39] - 休闲生活业务中的杰克沃尔夫斯金业务面临挑战,但有信心通过管理层调整实现盈利改善 [43] - 公司整体有望实现更高的自由现金流和每股收益,为股东创造价值 [10][72] 问答环节重要的提问和回答 问题1 **Matt Boss提问** 询问Ai Smoke和Chrome Tour新产品的市场反响和销售增长预期 [81] **Chip Brewer回答** 公司在驱动木杆、推杆和铁杆等主要品类实现市占率第一,高尔夫球业务溢价球市场份额创新高,反映新产品获得良好市场反响 [82][83][84][35] 问题2 **Megan Alexander提问** 询问Topgolf同店销售指引调整的原因和逻辑 [100] **Chip Brewer回答** 4月前三周同店销售大幅下滑,但最近两周已恢复正常,公司保持谨慎态度,但有信心下半年同店销售将转正 [101][102][103] 问题3 **Kate McShane提问** 询问新劳动模式对Topgolf毛利的影响 [110] **Chip Brewer回答** 新劳动模式和库存管理系统的实施持续推动Topgolf毛利率提升,即使在同店销售下滑的情况下,第一季度毛利率也同比提升180个基点 [111][112][113]

First Quarter 2024 Earnings Conference Call May 8, 2024 IMPORTANT NOTICES Forward-looking Statements. During the presentation, any comments made about future plans, events, financial results, performance, prospects, or growth opportunities, including statements relating to the Company’s financial outlook (including, among others, revenues, same venue sales, the Non-GAAP Projections (as defined below), shares outstanding and tax rates), projected Topgolf venue financing options, new product lines, strength a ...

For the quarter ended March 2024, Topgolf Callaway Brands (MODG) reported revenue of $1.14 billion, down 2% over the same period last year. EPS came in at $0.09, compared to $0.17 in the year-ago quarter. The reported revenue represents a surprise of -0.80% over the Zacks Consensus Estimate of $1.15 billion. With the consensus EPS estimate being $0.01, the EPS surprise was +800.00%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to d ...