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 det ...

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 th ...

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 ...

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 ...

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]

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 logical a ...

Topgolf's third North Carolina venue will be located at 4901 Topgolf Way in DurhamDALLAS, 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 perfe ...