Topgolf Callaway Brands (MODG) - 2024 Q1 - Quarterly Results

Exhibit 99.1 TOPGOLF CALLAWAY BRANDS ANNOUNCES STRONG FIRST QUARTER 2024 RESULTS HIGHLIGHTS • Q1 Revenue of 1.144billionandTopgolfsamevenuesalesof71.144 billion and Topgolf same venue sales of -7% – both in line with expectations. • Net Income of 7 million, Non-GAAP Net Income of 16millionandAdjustedEBITDAof16 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 ...