Topgolf Callaway Brands (MODG)
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Topgolf Callaway Brands (MODG) Beats Q1 Earnings Estimates
Zacks Investment Research· 2024-05-09 06:31
Topgolf Callaway Brands (MODG) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 800%. A quarter ago, it was expected that this maker of golf equipment and accessories would post a loss of $0.34 per share when it actually produced a loss of $0.30, delivering a surprise of 11.76%. Over ...
Topgolf Callaway Brands (MODG) - 2024 Q1 - Quarterly Report
2024-05-09 05:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period to Commission file number 001-10962 Topgolf Callaway Brands Corp. (Exact name of registrant as specified in its charter) Delaware 95-3797580 (State or other jurisdiction of (I ...
Topgolf Callaway Brands (MODG) - 2024 Q1 - Quarterly Results
2024-05-09 04:19
Exhibit 99.1 TOPGOLF CALLAWAY BRANDS ANNOUNCES STRONG FIRST QUARTER 2024 RESULTS HIGHLIGHTS • Q1 Revenue of $1.144 billion and Topgolf same venue sales of -7% – both in line with expectations. • Net Income of $7 million, Non-GAAP Net Income of $16 million and Adjusted EBITDA of $161 million – all ahead of expectations. • Company reaffirmed full year Adjusted EBITDA guidance and increased full year earnings per share and cash generation outlook. • Ai Smoke clubs achieved #1 U.S. market share in Driver, Fairw ...
Topgolf Callaway Brands to Release First Quarter 2024 Financial Results
PRNewsWire· 2024-05-02 04:10
CARLSBAD, Calif., May 1, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE: MODG) announced today that it intends to release its first quarter 2024 financial results on Wednesday, May 8, 2024, after the market closes. Following the release, the Company's management team will hold a conference call to review the results and discuss the Company's business and outlook beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and presentatio ...
Topgolf Opens Its Doors in Montebello, California, on May 3
Prnewswire· 2024-04-19 02:24
Topgolf室外场馆开设 - Topgolf宣布将于5月3日在加利福尼亚蒙特贝罗开设全球第100家室外场馆[1] - 蒙特贝罗场馆位于蒙特贝罗高尔夫球场旁,球场由蒙特贝罗市重新设计,包括传统九洞球场和新的带夜间照明的三层球场[3] - Topgolf提供现代高尔夫体验,包括102个室外气候控制击球区,配备Toptracer技术,提供新游戏Block Party,以及教练课程等服务[7][8][9][10] Topgolf场馆服务和娱乐体验 - Topgolf场馆将雇佣约450名员工,包括湾主持人、调酒师等[6] - Topgolf场馆提供全方位的娱乐体验,包括全服务餐厅、28英尺视频墙、200多台高清电视、户外露台、音乐和全年家庭友好活动[11][12] Topgolf在市场和公司背景 - Topgolf场馆得到蒙特贝罗市长、市经理以及Topgolf高管的支持和赞扬,认为Topgolf的开设将促进当地经济增长和提供优质娱乐体验[13][14] - Topgolf是Topgolf Callaway Brands Corp. (NYSE: MODG)旗下品牌,致力于推动现代高尔夫发展,提供技术驱动的游戏、顶级食品和饮料菜单,以及更多的娱乐体验[15] - Topgolf Callaway Brands Corp.是一家领先的高尔夫设备、服装和娱乐公司,旗下拥有多个全球品牌,包括Topgolf、Callaway Golf、TravisMathew等[16]
Why Topgolf Callaway Stock Was a Solid Hit in March
The Motley Fool· 2024-04-06 06:31
Deal chatter has investors hoping an ill-fated acquisition might be undone. Rumors are swirling about a potential deal involving Topgolf Callaway Brands (MODG 1.23%), leaving investors dreaming about above-par returns. Shares of the golf and entertainment company climbed 13.6% in March, according to data provided by S&P Global Market Intelligence, as the market digested buyout talk from overseas. Will Topgolf get a merger mulligan? Topgolf Callaway was formed by a 2021 merger that, although seemingly logica ...
Long-Awaited Topgolf Durham Opens Friday, April 12
Prnewswire· 2024-04-01 20:45
Topgolf's third North Carolina venue will be located at 4901 Topgolf Way in Durham DALLAS, April 1, 2024 /PRNewswire/ -- At long last, modern golf entertainment leader Topgolf announced today it's opening its Durham venue on Friday, April 12. The Basics Topgolf Durham will be located at the Page Road exit on Interstate 40 in south Durham. Never been to a Topgolf venue? 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 t ...
TopGolf Callaway Was Soaring This Week: Here's Why
The Motley Fool· 2024-03-23 03:30
Shares of TopGolf Callaway stock (MODG 1.19%) started roaring higher this week, according to data from S&P Global Market Intelligence. The golf equipment and entertainment company started moving higher after reports a South Korean investor group was going to buy its golf equipment and apparel business. However, management refuted these claims and said they weren't aware of any talks. As of 2:57 p.m. ET on Friday, March 22, shares of TopGolf Callaway are up 13.7% this week. Is the company selling? No, accord ...
TOPGOLF CALLAWAY BRANDS SUCCESSFULLY COMPLETES DEBT REPRICING
Prnewswire· 2024-03-22 04:19
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. Summary of Transaction Successfully repriced the existing $1.24 billion Topgolf Callaway Brands first-lien term loan due 2030 Lowered the Topgolf Callaway Brands first-lien term loan interest rate by 50 basis points, to SOFR +300, and eliminated the 10-basis point credit spread adju ...
Topgolf Callaway (MODG) Surges 8.8%: Is This an Indication of Further Gains?
Zacks Investment Research· 2024-03-21 23:26
Topgolf Callaway Brands (MODG) shares soared 8.8% in the last trading session to close at $15.66. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 1.4% loss over the past four weeks. Topgolf Callaway Brands scored a strong price increase after the company’s recent announcement in response to the meadia reports surrounding potential sale of its California-based Callaway Golf business. The company said that it was unaware of any suc ...