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, accordin ...

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 adj ...

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 such ...

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出售资产 - Topgolf Callaway Brands正在寻找买家以出售其部分高尔夫制造资产[1] - Callaway的私募股权所有者正在考虑出售选项[5] - 私募股权所有者正在考虑将Topgolf作为独立实体拆分并出售高尔夫装备业务[6] - 尽管可能会有Topgolf Callaway的未来出售，但投资者需要明白这并非确定的结果[8] Topgolf的增长潜力 - 尽管合并高尔夫装备公司和以高尔夫为重点的娱乐场所可能并未产生预期的协同效应，但Topgolf本身是一个增长故事，可以受益于被允许独立运营[9]

Topgolf Callaway股票上涨 - Topgolf Callaway (NYSE:MODG)股票上涨，因为有报道称这家高尔夫装备公司正在出售自己[1] 主要股东信息 - 主要股东包括Blackrock Advisors LLC、Providence Equity Partners LLC和Thomas Dundon[2] 出售详情 - 据报道，Topgolf Callaway将通过这次出售分拆，Topgolf将独立成立自己的业务，同时Callaway集团将以约298亿美元的价格出售[3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-10962 Topgolf Callaway Brands Corp. (Exact name of registrant as specified in its charter) Delaware 95-3797580 (State or other jurisdiction of ( ...

股价表现 - Topgolf Callaway Brands Corp. (MODG)自2021年创下历史最高点以来股价下跌超过50%[1] - MODG的EV/EBITDA倍数目前明显低于直接竞争对手Acushnet Holdings (GOLF)[1] - MODG的股价下跌影响了其企业价值，导致追踪和预期的EV/EBITDA倍数大幅降低[2] - MODG的EV/EBITDA倍数在2023年呈下降趋势[3] 财务状况 - MODG的净利润率在过去两年从10%下降至2%，主要驱动了EV/EBITDA倍数的下降[5] - MODG的高负债水平和利润率下降对其边际产生了影响，但长期来看，一旦Topgolf设施的扩建完成，边际将会改善[5] 市场情绪 - MODG目前面临负面市场情绪，高达18mm股份的空头利益可能反映了投资者对公司前景的悲观看法[6] 扩张策略 - MODG正试图在一个成本高昂的业务（Topgolf）中快速扩张，这需要大量债务并在短期内影响利润[7]

财务数据和关键指标变化 - 公司2023年第四季度收入增长5%,达到8.97亿美元,主要得益于高尔夫设备业务和TravisMathew业务的增长 [66] - 2023年全年公司实现正自由现金流160百万美元,自由现金流剔除新场馆和零售店扩张资本支出后为221百万美元,这是公司重要的财务里程碑 [82][83] - 公司2024年预计收入增长约6%,调整后EBITDA增长4%-7% [96][98] 各条业务线数据和关键指标变化 高尔夫设备业务 - 2023年全年高尔夫设备业务收入基本持平,但市场份额保持领先地位,在驱动、推杆、混合杆等多个品类保持第一 [48][49] - 2024年高尔夫设备业务预计收入和利润将同比增长,主要得益于新产品线的推出 [53] TravisMathew业务 - 2023年TravisMathew业务收入增长9%,利润率也有所提升 [54][55] - 2024年TravisMathew业务预计收入基本持平,利润略有下降 [56][57] Topgolf业务 - 2023年Topgolf业务同店销售增长1%,场馆级调整后EBITDAR利润率提升约100个基点至34% [30][36] - 2024年Topgolf业务预计同店销售基本持平,场馆级调整后EBITDAR利润率将进一步提升约60个基点至17.9% [98] 各个市场数据和关键指标变化 - 2023年高尔夫运动参与人数增长9%,其中场内高尔夫参与人数增加100万达到2660万人,场外高尔夫参与人数增加18%达到3290万人 [19][20][21] - Topgolf预计2024年将接待超过3000万独立访客,成为高尔夫运动最大的参与渠道 [22][45] 公司战略和发展方向及行业竞争 - 公司正在进入Topgolf业务的第二阶段,将重点提升数字化能力和品牌协同,实现收入和利润的进一步增长 [87][88][89] - 公司正在加强Callaway品牌在Topgolf场馆的渗透,包括提供专属高尔夫设备、联合营销活动等,以提升品牌影响力和获客 [40][44][45] - 公司相信Topgolf业务是一项独特且长期升值的资产,场馆的收益和利润率随时间不断提升 [16][17][90] 管理层对经营环境和未来前景的评论 - 管理层对高尔夫运动的长期发展前景保持乐观,认为场内外高尔夫参与人数持续增长,为公司业务带来良好机遇 [18][19][20][21][22] - 管理层预计2024年收入、EBITDA和自由现金流将实现增长,但2025年至2028年将是公司业绩快速增长的阶段 [13][89] - 管理层对Topgolf业务的长期发展前景充满信心,认为场馆的收益和利润率将持续提升 [16][17][90] 问答环节重要的提问和回答 问题1 **Alex Perry 提问** 询问Topgolf同店销售的构成,即步入式客户和企业客户的表现情况 [109][110] **Chip Brewer 回答** 步入式客户业务保持稳定,企业客户业务在第一季度受到挑战,但预计之后将逐步恢复 [110][111][112] 问题2 **Megan Alexander 提问** 询问1月份天气对同店销售的影响程度,以及后续的改善情况 [115][116] **Chip Brewer 回答** 1月份天气因素对同店销售造成约250个基点的负面影响,但整体趋势保持稳定,公司正采取一系列措施以提升同店销售 [116][117][118] 问题3 **Randal Konik 提问** 询问Topgolf全年同店销售的预期走势,以及周末和工作日的差异情况 [120][121][122][123][124][125] **Chip Brewer 回答** 预计第一季度同店销售同比下降高个位数,之后将逐步回升至全年基本持平。周末业务保持稳定,工作日业务相对较弱,公司正采取针对性措施进行改善 [123][124][125]

Topgolf Callaway Brands (MODG)财报 - 2023年12月季度营收为8.971亿美元，同比增长5.4%[1] - 每股收益为-0.30美元，与去年同期的-0.27美元相比[1] - Topgolf的净收入为4.39亿美元，超出了分析师平均预期的4.2549亿美元[1]